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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Business News
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.