European shares mixed on Middle East stalemate, central bank caution
(Il Sole 24 Ore Radiocor) - Milano, 28 apr - European share prices opened mixed, as investors reacted to stalled diplomatic efforts to resolve the conflict in the Middle East and a busy week of central bank policy meetings. Sentiment remained subdued after reports indicated that the US remains skeptical of Iran's latest peace proposal, which offered to reopen the Strait of Hormuz in exchange for an end to port blockades but deferred nuclear negotiations to a later date.
This diplomatic impasse has kept upward pressure on energy markets, with Brent crude prices continuing to climb on supply disruption fears.
The market focus is also shifting toward a wave of corporate earnings and key monetary policy decisions. While the Bank of Japan held its interest rates steady today, investors are now bracing for upcoming announcements from the Federal Reserve, the European Central Bank, and the Bank of England.
On the data front, figures released today showed Spain's unemployment rate rose to 10.83% in the first quarter, up 0.90 percentage points compared to the final quarter of last year.
At 0710 GMT, London's FTSE 100 was down 0.14% at 10,306.55 points, while in Frankfurt the DAX fell 0.26% to 24,032.57 points and in Paris the CAC 40 retreated 0.34% to 8,114.20 points. Milan's FTSE MIB rose 0.51% to 47,915.50 points, while in Madrid the IBEX 35 was 0.39% higher at 17,762.22.
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(RADIOCOR) 28-04-26 09:43:22 (0225) 5 NNNN