European stock markets are following a negative trend due to the ongoing tensions between the USA and Iran.
As of 10.40 in European markets, the Stoxx Europe 600 indicator index is at 640.2 points, with a decrease of 0.3 percent, and the FTSE 100 index in England is at 10,445 points, 0.8 percent below the previous closing.
In Germany, the DAX 40 index is at 24,875 points, 1.1 percent below the previous close, in Italy, the FTSE MIB 30 index is at 52,517 points, with a 0.7 percent loss, in France, the CAC 40 index is at 8,333 points, with a 0.4 percent loss of value, and in Spain, the IBEX 35 index is at 19,169 points, with a 1 percent decrease.
The re-intensification of conflicts between the USA and Iran in the Middle East and the re-imposition of the naval blockade of the USA on Iranian ports are suppressing the risk appetite in global markets.
The fact that oil prices are around 85 dollars also keeps alive the concerns that inflationary pressures will increase and interest rates will remain at high levels.
On the corporate side, Dutch chip manufacturing equipment company ASML's second quarter sales of 9.3 billion euros and net profit of 2.9 billion euros supported technology stocks. The company increased its 2026 sales expectations to 43-45 billion euros, driven by strong demand for artificial intelligence chips. With this situation, ASML's shares increased by 5 percent.
Analysts stated that industrial production in the Eurozone, Producer Price Index (PPI) in the USA and US Federal Reserve (Fed) President Kevin Warsh's presentation in the Senate will be followed today.