French stocks drifted lower on Monday as tensions in the Middle East, rising oil prices and fears of monetary tightening by the Federal Reserve rendered the mood bearish.
Recent data showing stronger-than-expected non-farm payroll growth in the U.S. has raised concerns the Federal Reserve will hike interest rate this year.
Amid fresh strikes by Israel on Iranian military targets, oil prices rose sharply today. Brent crude futures climbed to over $98 a barrel before easing to $97.19, still up as much as 4.4% over previous close.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.