FX.co ★ European Stocks Head for Lower Open

European equity markets are poised to open lower on Thursday, surrendering the gains recorded in the previous session after President Donald Trump signaled that the conflict with Iran would persist. In a rare prime-time address, Trump offered no clear timeline for an end to hostilities in the Middle East, stating that the US had nearly achieved its strategic objectives in Iran, while cautioning that military operations could escalate over the next two to three weeks. His remarks pushed oil prices higher, reviving inflation concerns. In premarket trading, futures on the Euro Stoxx 50 and Stoxx 600 were down 2% and 1.7%, respectively.