European markets flat on stalled U.S.-Iran talks

[Global Business Strategy on Digital Display]

London (UKX [https://seekingalpha.com/symbol/UKX]) +0.17% to 10,339.

Germany (DAX:IND [https://seekingalpha.com/symbol/DAX:IND]) -0.05% to 24,073.

France (CAC:IND [https://seekingalpha.com/symbol/CAC:IND]) -0.01% to 8,140.

In other parts of Europe, retail trade in Spain rose by 4.1% Y/Y in March. Spain’s unemployment rate climbed to 10.83% in Q1.

The pan-European Stoxx 600 [https://seekingalpha.com/symbol/STOXX#hasComeFromMpArticle=false#source=section%3Amain_content%7Cbutton%3Abody_link%7Cfirst_level_url%3Anews] (STOXX) [https://seekingalpha.com/symbol/STOXX#hasComeFromMpArticle=false#source=section%3Amain_content%7Cbutton%3Abody_link%7Cfirst_level_url%3Anews] traded 0.19% lower to 607.8, marking a seventh straight session of losses. The investor sentiment remained cautious as tensions in the Middle East persisted, the Strait of Hormuz stayed largely closed, and oil prices continued to climb. The euro held near $1.17, lingering close to the two-week lows seen last week, as investors assessed the fallout from a diplomatic standoff in U.S.-Iran negotiations.

On the corporate front, Novartis (NVS [https://seekingalpha.com/symbol/NVS]) shares fell after reporting sales below expectations [https://seekingalpha.com/news/4580358-novartis-misses-q1-estimates-reaffirms-fy26-guidance]. BP (BP [https://seekingalpha.com/symbol/BP]) rose as its profit more than doubled [https://seekingalpha.com/news/4580373-bp-non-gaap-epads-of-124-beats-by-031-revenue-of-5226b-beats-by-63b-gives-q2-and-reaffirms-fy26-outlook], while Barclays (BCS [https://seekingalpha.com/symbol/BCS]) dropped [https://seekingalpha.com/news/4580380-barclays-gaap-eps-of-1410p-revenue-of-816b-reaffirms-all-2026-and-2028-targets-announces-500m-buyback].

In the bond market, the yield on the US 10-year Treasury was up 2 basis points to 4.36%.

UK's 10-year yield was up 2 basis points to 5.00%.

Germany's 10-year yield was up 2 basis points to 3.05%.

Currencies: (EUR:USD [https://seekingalpha.com/symbol/EUR:USD]) (GBP:USD [https://seekingalpha.com/symbol/GBP:USD]) (CHF:USD [https://seekingalpha.com/symbol/CHF:USD])

ETFs: (NYSEARCA:EWG [https://seekingalpha.com/symbol/EWG#hasComeFromMpArticle=false#source=section%3Amain_content%7Cbutton%3Abody_link%7Cfirst_level_url%3Anews]), (NYSE:GF [https://seekingalpha.com/symbol/GF#hasComeFromMpArticle=false#source=section%3Amain_content%7Cbutton%3Abody_link%7Cfirst_level_url%3Anews]), (NYSEARCA:EWI [https://seekingalpha.com/symbol/EWI#hasComeFromMpArticle=false#source=section%3Amain_content%7Cbutton%3Abody_link%7Cfirst_level_url%3Anews]), (NYSEARCA:EWQ [https://seekingalpha.com/symbol/EWQ#hasComeFromMpArticle=false#source=section%3Amain_content%7Cbutton%3Abody_link%7Cfirst_level_url%3Anews]), (NASDAQ:FGM [https://seekingalpha.com/symbol/FGM#hasComeFromMpArticle=false#source=section%3Amain_content%7Cbutton%3Abody_link%7Cfirst_level_url%3Anews]), (NASDAQ:DAX [https://seekingalpha.com/symbol/DAX#hasComeFromMpArticle=false#source=section%3Amain_content%7Cbutton%3Abody_link%7Cfirst_level_url%3Anews]), (NYSEARCA:FLGR [https://seekingalpha.com/symbol/FLGR#hasComeFromMpArticle=false#source=section%3Amain_content%7Cbutton%3Abody_link%7Cfirst_level_url%3Anews]), (NYSEARCA:FXB [https://seekingalpha.com/symbol/FXB#hasComeFromMpArticle=false#source=section%3Amain_content%7Cbutton%3Abody_link%7Cfirst_level_url%3Anews]), (NYSEARCA:EWU [https://seekingalpha.com/symbol/EWU#hasComeFromMpArticle=false#source=section%3Amain_content%7Cbutton%3Abody_link%7Cfirst_level_url%3Anews]), (NASDAQ:FKU [https://seekingalpha.com/symbol/FKU#hasComeFromMpArticle=false#source=section%3Amain_content%7Cbutton%3Abody_link%7Cfirst_level_url%3Anews]), (BATS:EWUS [https://seekingalpha.com/symbol/EWUS#hasComeFromMpArticle=false#source=section%3Amain_content%7Cbutton%3Abody_link%7Cfirst_level_url%3Anews]), (NYSEARCA:FLGB [https://seekingalpha.com/symbol/FLGB#hasComeFromMpArticle=false#source=section%3Amain_content%7Cbutton%3Abody_link%7Cfirst_level_url%3Anews]), (NYSEARCA:GREK [https://seekingalpha.com/symbol/GREK#hasComeFromMpArticle=false#source=section%3Amain_content%7Cbutton%3Abody_link%7Cfirst_level_url%3Anews])

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