European stocks may drift lower at open on Wednesday as U.S.-Iran peace talks stalled and tensions continued to escalate over the Strait of Hormuz.
After a second round of U.S.-Iran peace talks failed to materialize, U.S. President Donald Trump has unilaterally extended the ceasefire with Iran indefinitely until Tehran submitted a "unified proposal" and "discussions are concluded one way or the other."
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Market Analysis
April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.