European Stocks Little Changed as Markets Await US-Iran Sanctions: DAX, CAC, FTSE100

European equities traded broadly flat on Monday as investors held back from making major moves ahead of details on what Washington has described as its toughest sanctions campaign yet against Iran and countries that continue to trade with Tehran.

Geopolitical developments are sharing investors’ attention with a busy week of economic and corporate events. Nvidia (NASDAQ:NVDA) is due to report earnings, while upcoming U.S. inflation figures and Federal Reserve Chair Kevin Warsh’s speech at Jackson Hole could provide further direction for global markets.

Major European Indices Trade in Narrow Ranges

Price action across the region remained subdued, with the major European benchmarks showing only modest changes.

France’s CAC 40 slipped 0.2%, while Germany’s DAX hovered just above the flat line. In London, the FTSE 100 gained around 0.1%.

The limited moves reflected investor caution as markets waited to assess the scope of the expected U.S. sanctions and their potential implications for energy markets, inflation and the wider economic outlook.

GSK Gains After Japanese Hepatitis B Approval

Among individual stocks, GSK (LSE:GSK) moved modestly higher in London after securing the first global approval in Japan for its experimental treatment for chronic hepatitis B.

The regulatory milestone provided support for the pharmaceutical group’s shares as investors assessed the potential commercial importance of the treatment.

Elsewhere, French banking group BNP Paribas (EU:BNP) traded lower after confirming that it intends to proceed with an appeal related to the Sudan litigation.

Skanska Advances on Prague Data Centre Contract

Swedish construction group Skanska (TG:SKNB) moved higher after securing a contract from CRA Prague Gateway DC to construct a new data centre on the outskirts of Prague in Czechia.

The contract provided a company-specific catalyst for Skanska shares during an otherwise quiet European session.

With European markets showing little overall direction, attention is likely to remain centred on the forthcoming U.S. sanctions against Iran, Nvidia’s results, inflation data and Warsh’s Jackson Hole remarks for potential catalysts later in the week.

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