European stocks may drift lower at open on Friday as investors weigh escalating U.S.-Iran tensions and brace for the release of the April U.S. jobs report later in the day for directional cues.
Brent crude futures jumped toward $102 a barrel as fresh U.S.-Iran clashes in the Strait of Hormuz jolted hopes for a deal to end the 10-week conflict and reopen the crucial waterway.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.