Europe 50 Futures Drop 1.3% on Oil Surge to $125, Mideast Risks Before ECB, BoE

Europe 50 futures signal a 1.3% lower open on April 30, 2026, pushing toward a three-week low near 610 amid U.S.-Iran escalation reports of military options, with oil spiking 7% to $125/bbl fueling stagflation fears and a fifth straight decline. The index rallied 3.9% to 617.58 mid-April on ceasefire hopes, but plunged 1% on April 20 ship seizures, fell 0.6% to 610.65 on April 24 tanker clashes, stabilized near 610.8 by April 27 amid central bank jitters, then traded choppily April 29 with Stoxx 600 up 0.2% early on earnings beats from Adidas (+7%) and UBS (80% Q1 profit jump) offsetting the Iran deadlock. Investors eye ECB and BoE decisions expected to hold rates.