JOUMANNA: GOOD MORNING. THIS IS "HORIZONS MIDDLE EAST & AFRICA." OUT TOP STORIES THIS MORNING. FRAGILE TRUCE.MARKET EUPHORIA FADES AS IRAN SAYS SEVERAL TERMS OF ITS CEASE-FIRE WITH THE U.S. HAS BEEN BREACHED WITH EIGHT EVENTS SET TO LEAD A DELEGATION THIS WEEKEND. IRAN'S FOREIGN MINISTER SAYS THE U.S. MUST CHOOSE BETWEEN THE CEASE-FIRE OR CONTINUED WAR VIA ISRAEL AFTER THE ISRAELI MILITARY SAYS IT STRUCK MORE THAN 100 HAS BULLET TARGETS IN LEBANON WITHIN 10 MINUTES. AND OIL REBOUNDS AFTER ITS BIGGEST ONE-DA ...

Africa has attracted little attention from most of the West's oil giants over the past decade. With the Middle East engulfed in conflict, that is changing. To learn more, register to read the full story (it’s free) https://t.co/dse68Sw5WT ...

As the US deepens its involvement in the Middle East, the cost of fighting is climbing, drawing criticism from lawmakers. Bloomberg's Shaquille Omari breaks down how much the war could cost American taxpayers if it continues https://t.co/jdkIqC55Kv ...

Group 1 - The article does not provide any relevant content regarding company or industry insights [1]

The US president told reporters on board Air Force One that he sees the US reaching a peace deal with Iran, even as the war escalates. ⁠ #trump #usiran #usiranrelations #middleeastconflict #iranuswar #shortsvideo #shortfeed #shorts #shortsviral #shortsyoutube #shortsvideos ► Enjoying FT content? Get a daily slice of the very best FT journalism with FT Edit. Free for 30 days then just £4.99 a month See if you get the FT for free as a student (http://ft.com/schoolsarefree) or start a £1 trial: https://subs.ft ...

Group 1 - Oil prices increased due to concerns over a potential escalation of conflict in the Middle East, which could lead to further supply disruptions [1] - Asian equities declined as fears grew that the ongoing war might hinder global economic growth [1]

Core Viewpoint - The decline in stocks has positioned the Dow industrials for its worst monthly performance since 2022 [1] Group 1 - The Dow industrials are experiencing significant losses, indicating a broader market downturn [1] - This month marks a notable decline, with the potential for the worst monthly performance in nearly two years [1] - The overall market sentiment is negative, reflecting concerns over economic conditions and investor confidence [1]

Core Viewpoint - U.S. troop deployment news negatively impacted stock prices, despite President Trump's indication of progress in peace talks with Iran [1] Group 1 - The announcement of U.S. troop deployment led to a decline in stock market performance [1] - President Trump’s comments suggested that peace negotiations with Iran were advancing, which typically would support market stability [1]

Market Overview - European stock markets opened lower, with a drop of 1.3% at the start of trading, following a decline of 3.8% in the previous week, marking the third consecutive week of losses [2][6] - The pan-European stock index, the Stoxx 600, showed no sectors in the green during the initial trading moments, indicating widespread selling pressure [3][4] Oil Market Impact - Oil prices surged to $100 a barrel, significantly impacting market sentiment and contributing to the overall decline in stock prices [1][7] - The price of Brent crude increased by almost 1%, while West Texas Intermediate (WTI) crude rose by more than 2.5% due to escalating tensions between the U.S. and Iran [7] Sector Performance - Basic resources sector led the decline, down more than 2.7%, while travel and leisure stocks fell nearly 2% due to ongoing disruptions in air travel [4][5] - Industrial and banking sectors also extended losses from the previous week, with major European banks like BNP Paribas and Barclays experiencing significant declines [11] Mining and Metals - Mining stocks faced downward pressure as copper prices fell, reflecting concerns about the global economic outlook, with copper being a key material in construction [9] - Precious metals, including gold and silver, saw sharp declines, with gold down more than 9%, further impacting mining companies [10] Airline Industry - The airline sector was notably affected, with major airlines like Air France-KLM experiencing declines of over 4% due to ongoing travel disruptions [12]

Market Overview - Wall Street's major equity averages closed sharply lower, with significant declines in the Magnificent Seven stocks, particularly Nvidia (NVDA) and Tesla (TSLA), which fell over -3% [1] - Chip and AI-infrastructure stocks also experienced losses, with Sandisk (SNDK) down more than -8% and Intel (INTC) dropping -5% [1] - Super Micro Computer (SMCI) plummeted over -33% after legal issues arose regarding export-control violations [1] - Conversely, Planet Labs (PL) surged over +25% following positive FQ4 results and optimistic FY27 revenue guidance [1] Economic Data and Federal Reserve Insights - Investors are focusing on upcoming U.S. economic data and comments from Federal Reserve officials, which may influence market sentiment [2] - Fed Governor Christopher Waller expressed caution regarding inflation due to rising oil prices, while Fed Vice Chair Michelle Bowman supports potential interest-rate cuts later this year [8] - U.S. rate futures indicate an 85.5% chance of no rate change and a 14.5% chance of a 25 basis point rate hike at the next FOMC meeting [9] International Market Reactions - Asian stock markets, including China's Shanghai Composite Index and Japan's Nikkei 225, closed sharply lower amid concerns over the Middle East conflict [16][18] - Goldman Sachs noted that the conflict's impact on China depends on global demand and supply situations, with potential pressure on Chinese exports and growth [17] - Japan's market sentiment was affected by rising government bond yields and inflation concerns, with expectations of a potential BOJ rate hike [19] Corporate Earnings and Developments - Notable companies such as GameStop (GME), Chewy (CHWY), and KB Home (KBH) are set to report quarterly results this week, which may impact market dynamics [15] - Delivery Hero SE gained about +0.5% after announcing the sale of its delivery-platform business in Taiwan for $600 million [15] Pre-Market Movements - In pre-market trading, the Magnificent Seven stocks showed positive movement, with Nvidia (NVDA) rising over +2% and Meta Platforms (META) gaining more than +1% [20] - Airline stocks rallied due to a slump in oil prices, with United Airlines (UAL) and American Airlines (AAL) jumping over +4% [20] - Energy stocks, however, slid in pre-market trading, with WTI crude prices down more than -6% [21]