French stocks drifted lower on Wednesday, weighed down by uncertainty about U.S.-Iran ceasefire following Iran launching ballistic missiles in the Gulf region and U.S. retaliating by striking Qeshm Island.
The Qeshm Island, which directly blocks the entrance to the Strait of Hormuz, is also the base of the IRGC’s network of underground facilities and defensive positions across the island.
Worries about inflation following the sharp rise in oil prices contributed as well to market’s weakness. Investors also digested regional PMI data.
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Market Analysis
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