Iran proposes Hormuz reopening, Europe stocks mixed
Get the Finance newsletter
Daily finance — markets, central banks, M&A, the prints that move money. Free.
- Iran proposes to reopen the Strait of Hormuz and postpone nuclear talks, citing an Axios report that references a U.S. official and two sources.
- Trump scrapped a planned trip for envoy Steve Witkoff and Jared Kushner to Islamabad, posting on Truth Social that “they have no cards”.
- Stoxx 600 slipped 0.1% early trade, while the oil and gas sector rose 0.6% as Brent crude climbed to $107.46 per barrel.
- Nordex surged >10% after reporting Q1 sales of €1.6 bn and net income of €53.6 mn, up from €7.9 mn a year earlier.
- Vestas rose 3.2% as wind‑turbine stocks rallied.
- Oersted gained 2.8% in the same sector.
- Federal Reserve meets Wednesday; DOJ dropped its criminal probe into Powell, ending Sen. Thom Tillis's block of Warsh's confirmation.
- Kevin Warsh is slated to take over as Fed chair in May.
Why it matters: European investors see wind‑turbine firms like Nordex surge >10% on strong Q1 results, while energy stocks rise as Brent tops $107, offsetting a 0.5% drop in food‑beverage shares and tightening inflation outlook.
