European markets wobble as US‑Iran talks swing between hope and setbacks
European equity indices showed limited movement in mid‑June as investors reacted to the evolving US‑Iran negotiations. A tentative truce on June 9 lifted oil prices and gave a brief boost to the STOXX 600, but subsequent setbacks, including the cancellation of peace talks on June 19, kept risk assets subdued. The mixed signals also influenced currency markets, with the dollar easing against peers, and prompted central banks to remain vigilant despite lower energy costs. Business sentiment in Europe remained cautious, reflecting lingering uncertainty over the durability of the Middle‑East truce and its impact on trade routes and inflation.
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