European markets cautious as they await clear signals on Iran

(Alliance News) – On Tuesday, major European bourses closed the session on a cautious note, as markets remain skeptical regarding the prospects for de-escalation suggested on the eve by US President Donald Trump. On the contrary, Israel continues its strikes and the Strait of Hormuz remains firmly under Tehran’s jurisdiction. On the macroeconomic front, economic growth in the Eurozone slowed in March, with flash composite PMI data signaling only marginal expansion in activity, the weakest in ten months. According to the S&P Global Flash Eurozone Composite PMI, the economy recorded a value of 50.5 in March, compared to 51.9 in…