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European markets close mixed, paring gains amid Middle East tensions; Temenos jumps 20%

Holly Ellyatt

This is CNBC's live blog covering European markets.

European markets closed mixed on Monday amid heightened geopolitical tensions following Iran's large-scale drone and missile attack on Israel over the weekend.

European markets


The regional Stoxx 600 index provisionally ended marginally higher, paring gains from earlier in the session. Oil and gas stocks led the losses, down 1.6% on rising risks in the Middle East.

Israel said it downed 300 drones and missiles targeting its territory. Last week, expectations that an Iranian attack could be imminent rose after a suspected Israeli strike that killed top Iranian officials in Syria. Israel has vowed to retaliate but has signaled that it will bide its time.

Asia-Pacific markets slipped Monday as traders weighed the impact of the attack, with focus also on key economic data from China and Japan later in the week.

U.S. stocks rose on Monday as investors dealt with a multitude of issues, including Iran's attack and a spike in equity market volatility that sent the Dow Jones Industrial average to its worst week of the year last week.

European stocks close mixed

European stocks closed mixed on Monday amid heightened geopolitical tensions following Iran's unprecedented air attack on Israel over the weekend.

The pan-European Stoxx 600 provisionally ended up 0.06%, with sectors and major bourses pointing in opposite directions.

— Sam Meredith

Dollar hits highest level since November

The dollar index on Monday hits its highest level since November as the yen weakened and as tensions escalated in the Middle East.

The dollar index hit a high of 106.013, or its best level going back to Nov. 3, 2023, when the index had reached 106.224. The dollar hit a high of 154.4 against the yen, the highest level since June 29, 1990, when the dollar traded as high as 154.58 against the yen.

The dollar also reached a high of 0.9151 against the Swiss franc, which was the highest level since Oct. 6, 2023, when the dollar went as high as 0.9175 against the franc.

— Sarah Min, Gina Francolla

Stocks open higher

Traders work on the floor of the New York Stock Exchange.
NYSE

Stocks kicked off Monday's trading session in the green as Wall Street looked to rebound off last week's sell-off.

The Dow traded more than 350 points higher, which equates to about 1%, shortly after 9:30 a.m. ET. The S&P 500 and Nasdaq Composite rose 0.8% and 0.5%, respectively.

— Alex Harring

Oil prices slip as investors weigh Middle East tensions

Oil prices slipped Monday as investors shook off the risk of a broader regional conflict following Iran's weekend attack on Israel.

Brent futures for June delivery fell 0.7% to $89.83 a barrel by 2 p.m. London time, while West Texas Intermediate (WTI) futures for May dipped about 0.6%, at $85.14.

— Karen Gilchrist

Temenos shares jump 18% after investigation rejects Hindenburg's claims

Shares of banking software company Temenos jumped 18% in early deals after it said an independent probe into allegations made by short seller Hindenburg Research were found to be "inaccurate and misleading."

Hindenburg had alleged "major accounting irregularities" at the Swiss firm in February, causing shares to plummet. But the review found that claims made about the company had been done so "in a distorted manner or out of context," Temenos said in a statement.

— Karen Gilchrist

CVC confirms plans to list in Amsterdam

A woman cycles past the Euronext Amsterdam stock exchange in Amsterdam on April 7, 2021.
John Thys | Afp | Getty Images

Private equity group CVC said Monday it plans to list on Euronext Amsterdam, confirming earlier reports.

The buyout firm said it plans to raise 250 million euros ($266 million) as part of the initial public offering, while also selling the shares of some existing shareholders.

"We believe an IPO of CVC provides an enduring long term institutional structure to support further growth, we remain completely focused," CVC CEO, Rob Lucas, said in a statement.

— Karen Gilchrist

European stocks open mostly higher

European markets were mostly modestly higher in early trade Monday, with France's CAC 40 and Germany's DAX both up around 0.5%. The U.K.'s FTSE 100, meanwhile, dipped around 0.3%.

The Stoxx 600 index was up 0.2%.

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Stoxx 600 index.

— Karen Gilchrist

CNBC Pro: Wall Street is bullish on copper, thanks to AI. Analysts love these stocks, giving one 234% upside

Wall Street is getting very bullish on copper, despite the metal's recent rallies.

The rallies have been fueled by supply risks and rising demand for it amid the energy transition and the artificial intelligence boom.

Copper is used in data centers for power cables, electrical connectors, power strips and more, Jefferies noted in an April 10 note.

For those looking to buy into the sector, CNBC Pro screened for stocks in the Global X Copper Miners ETF.

CNBC Pro subscribers can read more here.

— Weizhen Tan

CNBC Pro: A top Nvidia shareholder reveals his trigger for selling growth stocks

Nvidia's shares have been on a tear this year, up more than 80% in 2024, but one of its top shareholders has revealed why they've been selling the stock.

Raj Shant, managing director at the investment firm Jennison Associates, told CNBC Pro that the firm has been selling its position in the AI chip maker to manage risk despite remaining optimistic about its long-term prospects.

CNBC Pro subscribers can read more about Jennison's reasons.

— Ganesh Rao

Oil prices fall slightly after Israel fends off large-scale aerial attack by Iran

Pipelines and oil storage tanks in Cushing, Oklahoma.
Justin Solomon | CNBC

U.S. crude oil futures were slightly lower Sunday as traders breathed a sigh of relief after Israel fended off a large-scale air assault by Iran and the U.S. emphasized it wants to avoid a wider war in the Middle East.

The West Texas Intermediate contract for May lost 34 cents to $85.32 a barrel as trading began Sunday evening. June Brent futures eased slightly to $90.18 a barrel. U.S. crude closed at $85.66 a barrel Friday, while the global benchmark settled at $90.45. WTI futures began the year around $71 a barrel.

Iran launched more than 300 drones and missiles against military targets in Israel on Saturday in an attack that President Joe Biden described as "unprecedented." Though significant in scale, the Iranian attack caused little actual damage in Israel.

— Spencer Kimball

European markets: Here are the opening calls

European markets are expected to open higher Thursday.

The U.K.'s FTSE 100 index is expected to open 22 points higher at 8,442, Germany's DAX up 26 points at 18,896, France's CAC 7 points higher at 8,244 and Italy's FTSE MIB up 64 points at 35,091, according to data from IG.

Earnings are due from Swiss Re, Zurich Insurance, Siemens, Deutsche Telekom, BT and EasyJet, among others. There are no major data releases.

— Holly Ellyatt