French stocks drifted lower on Wednesday, weighed down by uncertainty about U.S.-Iran ceasefire following Iran launching ballistic missiles in the Gulf region and U.S. retaliating by striking Qeshm Island.
The Qeshm Island, which directly blocks the entrance to the Strait of Hormuz, is also the base of the IRGC's network of underground facilities and defensive positions across the island.
Worries about inflation following the sharp rise in oil prices contributed as well to market's weakness. Investors also digested regional PMI data.
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Market Analysis
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.