Trump's Iran warning spikes oil, drags European stocks
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- European stocks fell 0.7% on Monday, with the Stoxx 600 down 0.7% after Trump’s warning to Iran.
- Trump posted on Truth Social that Iran must "get moving, FAST" to agree to a peace deal, warning that "there won't be anything left" if action not taken.
- Oil prices rose, with Brent crude futures up 1.57% to $110.97 per barrel and West Texas Intermediate futures up 1.89% to $107.41 per barrel.
- Ryanair shares dropped 3.3% despite reporting a 40% increase in after‑tax profit to €2.3 bn, while hedging 80% of its summer jet fuel.
- Bond yields climbed, with the 10‑year U.S. Treasury yield up over 1% to 4.6073% (a 15‑month high), UK gilt yields at 5.165%, and German bunds at 3.1776%.
Why it matters: Investors in European equities and bond markets feel the squeeze as oil spikes, while airlines like Ryanair face price volatility despite profit gains; higher yields raise borrowing costs for governments and corporates.
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