Markets are closely monitoring developments in US-Iran tensions. Futures for the three major US stock indices drifted higher. DJIA futures last jumped up 132 points, or nearly 0.3%, while S&P 500 futures and Nasdaq futures added 0.5% and 0.7%, respectively.Major European stock markets were broadly feeble in early trading on Friday (8th). The pan-European STOXX 600 lost 0.7% to 611.88. The UK FTSE 100 declined 60 points, or 0.6%, to 10,216. France's CAC dropped 60 points, or about 0.7%, to 8,141. Germany's DAX slid 207 points, or 0.8%, to 24,455. Spain's IBEX 35 faded 95 points, or 0.5%, to 17,965. Italy's FTSE MIB edged down 34 points, or less than 0.1%, to 49,256.Related NewsInitial Jobless Claims for May/09 in the United States is 211K, higher than the previous value of 199K. The forecast was 205K.Vote counting is underway in the UK local elections, with the ruling Labor Party expected to suffer a heavy defeat, potentially further impeding the governance of UK Prime Minister Keir Starmer's administration. UK government bond yields showed limited changes. GBP strengthened 0.5% against the USD to 1.3619.
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