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23.04.202606:17:19UTC+00European Stocks Head for Lower Open

European equity markets were set to open lower on Thursday, as stalled US–Iran peace talks continued to dampen risk appetite. The Strait of Hormuz remains effectively closed, with Tehran maintaining control over the key shipping lane, while a US blockade of Iranian ports is still in force. This combination is keeping energy prices elevated and sustaining upside risks to inflation.

In Europe, investors will be watching Eurozone new car registration figures and French business confidence data, alongside the release of April PMI readings across the region. On the corporate front, earnings are due from SAP, Safran, Sanofi, Orange, Dassault Systèmes, and others. In premarket trade, Euro Stoxx 50 futures were down 0.7%, while Stoxx 600 futures fell 0.6%.

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