As of 10.45 in European markets, the Stoxx Europe 600 indicator index is traded at 616.5 points, with a 0.1 percent decrease, and the FTSE 100 index in the UK is traded at 10,576 points, with a 0.1 percent decrease.
In Germany, the DAX 40 index is at 24,189 points with a 0.1 percent gain, in Italy the FTSE MIB 30 index is at 48,187 points with a 0.3 percent premium, in France the CAC 40 index is at 8,283 points with a 0.3 percent gain, and in Spain the IBEX 35 index is at 18,097 points with a flat course.
While optimism that a compromise can be reached between the USA and Iran continues in global markets, risk appetite remains weak due to investors’ tendency to reduce positions before the weekend.
Geopolitical developments in the Middle East continue to be decisive on pricing in global markets. While optimism remains that positive results can be obtained from the talks to establish a permanent ceasefire between the USA and Iran, investors’ search for more clarity on the process and their cautious stance against the news flow that may occur over the weekend limit risk appetite.
US President Donald Trump stated that Israel and Lebanon agreed to a 10-day ceasefire and said that they are very close to making an agreement with Iran.
Analysts stated that “peace” pricing continues, albeit weakly, in the markets, but it is difficult to eliminate ongoing uncertainties on topics such as the nuclear program, the reopening of the Strait of Hormuz and the high trend of oil prices in the short term.
Today, current account balance and foreign trade balance data in the Eurozone will be followed on the data agenda.
