European markets set to slump on Middle East turmoil as oil price surges

Italia

LONDON — European stocks are expected to start the new trading week heavily lower as traders track developments in the Middle East and a surge in oil prices. The U.K.'s FTSE index is seen opening 0.9% lower while Germany's DAX is seen down 2.67%, France's CAC 40 down 2.3% and Italy's FTSE MIB 2.7% lower, according to data from IG. European investors are waking up to more turbulence in global markets on Monday as oil prices rose on Sunday to over $110 per barrel for the first time since 2022,

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