Peace Optimism Fades, European Stocks Reversing Fall
European stocks weakened on Thursday (April 9th) as the fragile US-Iran ceasefire began to show signs of fraying. The Stoxx 600 Index fell 0.4% in early trading, with most bourses and sectors trading in the red. The FTSE 100 opened down 0.1%, the CAC 40 fell 0.5%, and the DAX fell 0.9%.
The travel and leisure sector was the hardest hit, with Lufthansa and Tui each falling 3.5%, giving up some of the previous session's gains. The decline reflected the return of geopolitical risk premiums as markets assessed the resilience of the ceasefire.
In the headlines, Iranian Parliament Speaker Mohammed Bagher Ghalibaf accused the US of violating the deal less than 24 hours after it was signed, alluding to continued Israeli attacks on Lebanon, drone incursions into Iranian airspace, and the denial of uranium enrichment rights. President Donald Trump said U.S. troops would remain deployed around Iran until Tehran complies with the "real deal," warning that any violations would be met with a military response greater than ever before.
Source: Newsmaker.id
