European Markets Wrap-Up: US, Iran reportedly getting close to a one-page memo to end the war

Wednesday, 06 May, 2026 News US, Iran reportedly getting close to a one-page memo to end the war The report says that Washington is of the belief that an agreement is within reach as they are moving close to a one-page memorandum of understanding to end the war. Just take note though that the agr News UK April final services PMI 52.7 vs 52.0 prelim Prior 50.5 Final Composite PMI 52.6 vs 52.0 prelim Prior 50.3 Key findings : Higher fuel prices lead to intensifying inflationary pressures across the service economy Business activity growth picks up Learn more News Eurozone economy wrestles with stagflation amid Middle East conflict, PMI data shows Services PMI 47.6 vs 47.4 prelim Prior 50.2 Composite PMI 48.8 vs 48.6 prelim Prior 50.7 Trouble, trouble. The services PMI was the lowest in 62 months while the composite PMI was the lowest in 17 mon News Germany April final services PMI 46.9 vs 46.9 prelim Prior 50.9 Final Composite PMI 48.4 vs 48.3 prelim Prior 51.9 Key findings : Business activity falls at quickest rate for nearly three and-a-half years Confidence slumps amid deepening downturn in dem News French services sector slumps further in April as demand conditions seize up Services PMI 47.6 vs 47.6 prelim Prior 48.8 Composite PMI 47.6 vs 47.6 prelim Prior 48.8 The readings were not changed from the initial estimates, reaffirming a further decline in French services and News Italy April services PMI 49.8 vs 47.6 expected Prior 48.8 Composite PMI 50.5 vs 49.2 prior Key findings : Activity levels little-changed Growth in overall new business reinstated despite sharper fall in export sales Cost pressures intensify, but c News Spain services sector falls into contraction territory as Middle East uncertainty weighs Services PMI 47.9 vs 52.0 expected Prior 53.3 Ouch. That's a rough hit as Spain's services sector sees a marked drop in both new business and confidence. The negative impact ties to the Middle East co Cryptocurrency How can bitcoin traders trade today using the tradeCompass at investingLive.com Bitcoin Futures Technical Analysis Today: BTC TradeCompass Map for May 6, 2026 Hi Crypto traders, the risk on sentiment is not over yet with AMD's earnings blasting the ball out of the park last night Learn more News What are the main events for today? EUROPEAN SESSION In the European session, we get the final Services PMIs for the major Eurozone economies and the UK. The final data is rarely market-moving, so I wouldn't expect much from the release

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