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.
For comments and feedback contact: editorial@rttnews.com
Market Analysis
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.