Major European indices trade on a sharply lower note with some renewed pressure on sentiment from higher oil prices after Iran’s continued attacks on cargo ships in the Strait of Hormuz, which prompted the U.S. Treasury to revoke Iran’s permission to sell oil on the global market.
STOXX Europe 600: -1.5%,
Germany’s DAX: -2.1%,
U.K.’s FTSE 100: -1.2%,
France’s CAC 40: -1.9%,
Italy’s FTSE MIB: -1.1%,
Spain’s IBEX 35: -2.3%.
President Trump called for ending all trade with Spain, calling the nation a “terrible partner in NATO.”
France
Marine Le Pen confirmed that she will run in next year’s presidential election in France after an appeals court ruled that her 15-month office ban has been served.
May Current Account deficit EUR100 mln (last deficit of EUR600 mln)