European stock markets opened lower, with the FTSE 100 index declining by 0.5% and Germany's DAX nearly falling by 1%. The drop in markets comes as tensions rise in the Middle East following US President Donald Trump's admonition for Iranians to evacuate Tehran, reiterating his stance against Iran obtaining nuclear weapons. Amid market uncertainty, strategic insights from Deutsche Bank's Jim Reid highlight investors' confusion over the outcomes of the G7 summit and ongoing worries regarding the Israel-Iran conflict that impacts oil prices and shipping costs.
European stock markets are opening in the red, with London’s FTSE 100 down by 0.5% and Germany’s DAX dropping nearly 1% amid geopolitical tensions.
Trump's post on social media urges a quick evacuation of Tehran, reiterating that Iran cannot possess nuclear weapons, reflecting rising tensions in the region.
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