Iran Tensions Weigh on European Stocks, Crude Bounces Back as Gold Slides into Bear Market

Gate News, March 24 — As the Iran conflict continues to draw market attention, European stock markets may face pressure on Tuesday’s open. The FTSE 100 in the UK is expected to fall by 0.3%, the DAX in Germany by 0.5%, and the CAC 40 in France by about 0.5%. On Monday, U.S. President Trump said he had productive talks regarding the Iran conflict and hopes to reach an agreement, but Tehran later denied any negotiations took place.

Affected by tensions in the Middle East, Brent crude oil futures rose over 3% on Tuesday, hovering above $100 per barrel, reflecting investors’ sensitivity to geopolitical risks. Asian stock markets followed Wall Street higher overnight, but gains narrowed. U.S. futures data suggest possible downside pressure at Tuesday’s open. Meanwhile, gold prices continued to decline, with spot gold at $4,386.69 per ounce, down 0.4%, further entering a bear market zone.

On the economic data front, Germany’s Manufacturing PMI, the UK S&P Global Manufacturing PMI preliminary reading, and EU new car registrations will be released on Tuesday, potentially impacting market trends. In corporate news, Estée Lauder announced Monday evening that it is in talks with Spanish Puig Group regarding potential mergers involving brands like Jean Paul Gaultier, Charlotte Tilbury, and Rabanne, indicating that large multinationals are still seeking expansion and consolidation opportunities.

Analysts note that geopolitical conflicts and energy market volatility are increasing market uncertainty, leading to more cautious investor sentiment. In the short term, European stocks may face pressure, while oil and gold price fluctuations will remain key focus points. Over the coming days, investors will closely monitor developments in the Middle East and related economic data to adjust their investment strategies. (CNBC)