Europe 50 Set for Lower Open as Middle East Tensions Weigh

On June 5 the STOXX 600 is positioned for a broadly lower open after an AI-driven rally faded and ongoing US-Iran hostilities kept risk appetite fragile. The index had climbed above 629 in late May on Iran-deal optimism, retreated toward 623-624 amid fresh strikes and oil spikes above $97, then steadied at 622.17 on June 4 following the Israel-Lebanon ceasefire renewal that trimmed Brent almost 1% to $96.84. Mixed euro-area PMI prints, sticky inflation and renewed geopolitical risk have left investors focused on any further de-escalation signals.