“European stock markets” open negatively, watch out for Middle East situation and US trade negotiations

Despite Trump's confirmation of trade deal with China, European stock markets open negative as investors remain unfazed after UK economy contracts, US exports plunge and tensions in the Middle East

June 12, 2568 European stock markets opened sharply lower. As investors remain concerned about the situation in the Middle East and uncertain about the direction of US-China trade talks, even though US President Donald Trump announced that a deal with China has been reached.

• STOXX 600 Index The market opened at 550.43 points, down 1.21 points or -0.22%.
• CAC-40 French stock market index The market opened at 7,741.04 points, down 34.86 points or -0.45%.
• DAX German stock market index The market opened at 23,768.05 points, down 180.85 points or -0.76%.

The global investment climate has not improved following the latest developments on US tariffs, with Washington's high tariffs on China expected to remain in place, while negotiations with the US's main trading partners appear likely to drag on beyond the original July 9, 2568 deadline.

Britain's FTSE 100 index opened slightly lower after closing at a record high on Wednesday, before moving slightly above par after reports the British economy shrank by 0.3% in April, with exports to the United States falling by a record pace.

In addition, regarding the tense situation in the Middle East, the US State Department has ordered the evacuation of some staff from the embassy in Iraq due to concerns about the increasing security risks in the Middle East region.

While the risks are unclear at this time, media reports say Iran has recently threatened to attack US bases in the Middle East if talks on Iran's nuclear program fail.

refer : cnbc.com

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