On Tuesday, European markets are poised to decline, with the FTSE 100 projected to drop 0.58%, the CAC 40 down 0.33%, the DAX lower by 0.34%, and the FTSE MIB dipping 0.46%. This follows a strong performance on Monday, where the DAX rose 2.01%, the CAC 40 increased by 1.76%, and the FTSE MIB was up 1.43%.
The Stoxx 600 index closed at its highest level in over 10 months, recovering from losses linked to the ongoing Middle East conflict. The recent U.S. strikes in Iran, described as self-defense, have added to market volatility, with Brent crude oil prices rising 2.7% to $98.73, while West Texas Intermediate futures fell 4.3% to $92.44.
Additionally, tensions in Ukraine are escalating, with warnings from Russian officials about potential strikes on Kyiv, further complicating the geopolitical landscape. Investors are advised to remain cautious as they navigate these developments, particularly with no major economic data releases scheduled for the day