European shares fall on fragile US-Iran ceasefire concerns
(Il Sole 24 Ore Radiocor) - Milano, 9 apr - European share prices were lower as sentiment turned cautious amid a fragile US-Iran ceasefire, with benchmark indexes declining after Iran threatened to walk away from the agreement following continued Israeli strikes on Lebanon.
The move came as the Strait of Hormuz remains largely disrupted and US president Donald Trump warned of renewed escalation if a broader deal is not reached, an escalation that puts investors on edge as renewed concerns over potential energy supply disruptions through key shipping routes returned to the forefront.
On the data front, Spain's seasonally and calendar adjusted industrial production fell by 0.1% in February compared to the previous month and was 1.1% lower than the year earlier, according to figures from statistics institute Ine. The unadjusted output for the country decreased by 1.3% year on year.
At 1000 GMT, Milan's FTSE MIB index was 0.22% lower at 46,989.50 points while in Frankfurt the DAX slipped 0.88% to 23,796.92 points and in Paris the CAC 40 shed 0.78% to 8,199.04 points. London's FTSE 100 lost 0.26% to 10,580.97 points while Madrid's IBEX 35 slipped 0.18% to 18,046.44.
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(RADIOCOR) 09-04-26 12:10:00 (0335) 5 NNNN