(Il Sole 24 Ore Radiocor) - Milano, 12 mag - European share prices opened lower, following global markets downwards after US president Donald Trump said the truce with Iran has only a 1% chance to last.

This uncertainty pushed oil prices above 105 dollars a barrel, raising fears that inflation will stay high.

Sentiments were also weighed down by political instability in the UK, where prime minister Keir Starmer is facing calls to resign after poor results in local elections.

Investors today will be looking out for news on inflation and interest rates, with the German ZEW index and US April inflation data being released today.

Markets are also waiting for the meeting between Trump and Chinese president Xi Jinping this Thursday to see if trade tensions will ease.

On the data front, consumer prices in Germany were confirmed to be up 2.9% compared to last year.

At 0716 GMT, London's FTSE 100 was down 1.09% at 10,157.99 points while in Frankfurt the DAX was 1.10% lower at 24,088.48 points and in Paris the CAC 40 fell 0.89% to 7,984.37 points. Milan's FTSE MIB slumped 1.42% to 48,960.50 points while in Madrid the IBEX 35 was 0.87% lower at.

17,697.37 points.

(RADIOCOR) 12-05-26 09:22:46 (0226) 5 NNNN