European stocks set to open lower as Trump refuses to lift Strait of Hormuz blockade [CNBC]
CARREFOUR SA S/ADR (CRRFY)
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Source: CNBC
The U.K.'s FTSE index, Germany's DAX and France's CAC 40 are all expected to open 0.3% lower, respectively, while Italy's FTSE MIB is seen just a touch below the flatline, according to data from IG. U.S. President Donald Trump on Tuesday extended the two-week U.S. ceasefire with Iran , saying the extension was warranted due to Tehran's government being “seriously fractured.” Trump said the ceasefire, which he earlier had said would end on Wednesday, would continue “until such time as” Iran's leaders and representatives submit a “unified proposal” to end the war with the U.S. and Israel. The President's announcement came after reports that an expected trip by Vice President JD Vance to Pakistan for a second round of peace talks with Iranian officials had been put on hold. Iranian state news outlet Tasnim also reported that negotiators from Tehran had informed their U.S. counterparts through an intermediary in Pakistan that they would not appear for further talks. While the c
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