European Stocks Cautious to Kick Off the Week
2026-04-07 07:27
By
Joana Taborda
1 min. read
European stocks began the week on a mixed note, with the STOXX 50 hovering around the flatline and the STOXX 600 edging up 0.2%, as investors returned from the Easter break.
Markets are now entering the sixth week of the war with Iran, with uncertainty persisting amid mixed signals over a potential resolution.
US President Trump warned that if no agreement is reached by his Tuesday deadline, the US military could target key Iranian infrastructure, including power plants and bridges.
He also stated that talks with Iran are “going well” and emphasizing that reopening the strait remains “a very big priority”.
Oil prices continued to climb amid the ongoing tensions.
Sector-wise, financials and consumer non-cyclicals led gains, while tech stocks lagged.
ASML Holding fell around 4% as US lawmakers unveiled the MATCH Act that would strengthen existing restrictions on semiconductor manufacturing equipment sales from firms like ASML Holding, aiming to restrict exports of chip tools to China.