EMEA Morning Briefing: Trump Says Israel-Lebanon Cease-Fire Extended by Three Weeks
European stock futures traded lower early Friday despite President Trump saying the cease-fire between Israel and Lebanon would be extended for three weeks. The dollar strengthened, oil futures gained, and gold weakened amid continuing concerns about higher inflation caused by rising crude oil prices.
European stock futures were lower early Friday, despite President Trump announcing a three-week extension of the Israel-Lebanon cease-fire. The dollar index rose as uncertainty about the US-Iran conflict persisted. Oil prices increased after Trump stated the Strait of Hormuz remained 'sealed up tight' and that the US Navy would 'shoot and kill any boat' laying mines in the waterway. Gold edged lower amid concerns about higher inflation and prolonged higher interest rates. Copper fell in early Asian trading due to weakened investor sentiment, while iron ore prices held steady as restocking in China picked up ahead of the May Labor Day holiday.
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