From Investing.com: 2025-05-21 07:30:00

European stocks retreated on Wednesday, with JD Sports and Julius Baer leading the decline as investors watched U.S. trade talks and the tax bill debate. The pan-European index dropped 0.4% with retail and auto stocks taking a hit. Julius Baer shares fell 4.6% due to a credit review charge, while JD Sports shares plummeted 6.5% on lower sales and higher prices warning. The Dow struggled to surpass 24000, with most sectors in the red except utilities and healthcare. Safe-haven currencies gained amid rumors of an Israeli strike on Iran, while the G7 meeting may impact the weakening U.S. Dollar. Safe-haven demand rose on reports of potential Israeli attacks on Iran’s nuclear sites, as tensions between Iran and the U.S. persist. Gold prices climbed back to $3300/oz and oil prices fluctuated amid geopolitical uncertainty. The G7 meeting, Iran-Israel tensions, and potential trade announcements remain crucial factors for market movements. WTI oil is consolidating after a bullish rally, awaiting a break above $63.70 for further momentum, with geopolitical risks potentially driving prices higher.



Read more at Investing.com: Europe Mid-Session Bell: Gold, Oil Spike on Renewed Israel-Iran Tension