European stock markets are expected to open higher on Friday following U.S. President Donald Trump’s announcement of an extension to the temporary halt on military strikes targeting Iran’s energy infrastructure. Analysts say the decision has eased geopolitical fears, sending positive signals to investors across London, Paris, and Frankfurt.
According to pre-market data from IG, the FTSE 100 is anticipated to rise by 0.3%, France’s CAC 40 by 0.15%, and Germany’s DAX by 0.4%. The gains represent a turnaround from Thursday’s session, when European bourses closed lower as traders grappled with mixed signals over ongoing Middle East negotiations.
Trump’s statement on Thursday evening confirmed a 10-day extension to the strike hiatus, now set to last until April 6, citing continued productive talks with Iran. “As per Iranian Government request, please let this statement serve to represent that I am pausing the period of Energy Plant destruction,” Trump posted on Truth Social, emphasizing that negotiations were progressing well despite contrasting media reports.
Meanwhile, Asian markets experienced declines overnight, while U.S. stock futures showed modest gains, reflecting a cautious optimism among investors. Corporate developments also captured attention, with spirits giants Pernod Ricard and Brown-Forman reportedly entering merger discussions—a potential deal combining the world’s second-largest spirits company with the largest U.S. whiskey producer, Jack Daniels.
Elsewhere in Europe, the G7 foreign ministers’ meeting in France continues into its second day, focusing on conflicts in Iran and Ukraine. South Africa’s planned observation participation has been canceled after France withdrew the invitation, following U.S. threats to boycott the summit. The geopolitical landscape continues to shape global markets and investor sentiment.
source: cnbc