May 11 (Reuters) – The main European stock markets opened in the red at the start of the session on Monday, with Washington’s rejection of Tehran’s response to the peace proposal bringing the conflict in the Middle East into a geopolitical impasse.
In Paris, the CAC 40 lost 0.64% to 8,060.60 points around 07:46 GMT. In Frankfurt, the Dax fell by 0.19% and in London, the FTSE 100 rose by 0.15%.
The EuroStoxx 50 index lost 0.19%, the FTSEurofirst 300 0.02% and the Stoxx 600 0.04%.
While the stock markets ended last Friday sharply lower and the weekend was relatively calm in the Middle East, the markets are seeing their attempt at a rebound penalized by the latest declarations concerning the peace negotiations to end the conflict in Iran, which are leading to an impasse. geopolitics.
US President Donald Trump on Sunday evening described as “totally unacceptable” the Iranian response to the United States’ proposal aimed at ending their conflict which has lasted since the end of February.
The official Iranian press reported that Iran’s response concerns the security of navigation in the Strait of Hormuz and calls for an end to hostilities on all fronts, particularly in Lebanon, where Israel continues its military campaign despite of a truce.
Tehran rejected the latest American proposal because accepting it would amount to “submitting to the excessive demands” of Donald Trump, official Iranian media reported on Sunday evening.
Market attention is now fully focused on President Donald Trump’s visit to China this week, according to Tony Sycamore, market analyst at IG, with investors hoping Beijing will influence Iran towards a resolution to the conflict. and a reopening of the Strait of Hormuz.
At values, TKMS lost almost 2% after opening with gains of 3%, while the German shipbuilder reported a “record order book” on Monday.
Compass Group – on Monday raised its profit forecast for 2026, advancing 3% – the stock of the world’s largest provider of corporate catering services.
(Written by Coralie Lamarque, edited by Augustin Turpin)
