The chart of the German stock price index DAX is pictured at the Frankfurt Stock Exchange
The main European stock markets are moving – with slight variations on Tuesday at the start of the session, investors remaining – cautious in the face of uncertainty in the Middle East, the announced suspension of attacks between Israel and Iran not being enough to dispel fears of a prolonged conflict.
In Paris, the CAC 40 gained 0.06% to 8,204.16 points around 07:28 GMT. In Frankfurt, the Dax fell 0.25% and in London, the FTSE 100 lost 0.54%.
The EuroStoxx 50 index gained 0.14%, while the FTSEurofirst –300 lost 0.03% and the Stoxx 600 dropped 0.02%.
If Israel and Iran declared on Monday that they had suspended their mutual attacks, the situation in the Middle East remains anything but clear, the Israeli army having ordered the evacuation of residents of the port city of Tyre, in southern Lebanon, in anticipation of possible strikes which could again jeopardize the fragile truce in the region.
Pending new developments, oil prices are taking a break after the rebound the day before, while the technology sector (+0.35%) of the Stoxx benefits slightly from the recovery observed on Wall Street and in Asia in the semiconductor sector, after a rally “Broadcom’s actions and forecasts sparked a wave of mistrust—at the end of last week.
In Paris, Valeo, which announced a memorandum of understanding with Calyos to develop and industrialize high-performance autonomous electronic chip cooling solutions, climbed more than 6%, signing the best performance of the SBF 120.
Elsewhere in Europe, UBS – rose 1.5% after Reuters reported that Swiss MPs would consider a new proposal to ease capital requirements on the bank.
The pharmaceutical group GSK lost 3.7% after announcing its intention to acquire Nuvalent, a developer of anti-cancer drugs listed in the United States.
(Edited by Diana Mandiá, ​edited by Augustin Turpin)
