European Markets Wrap-Up: Iran reserves right to defend against any country permitting US attacks

Wednesday, 03 Jun, 2026 News Iran reserves right to defend against any country permitting US attacks Iran's foreign ministry condemns US strikes on Iranian tanker and Qeshm island Stresses direct responsibility of Kuwait and Bahrain rulers for permitting attacks Reserves right to defend against any c Central Banks BOJ governor Ueda says will continue to raise policy rate if baseline outlook holds BOJ will continue to raise policy rate at an appropriate pace if it judges that likelihood of realising baseline scenario will rise It is likely that a rise in crude oil prices will push up prices of Learn more News UK May final services PMI 49.3 vs 47.9 prelim Prior 52.7 Final Composite PMI 49.7 vs 48.5 prelim Prior 52.6 Key findings : Business activity decreases for the first time since April 2025 Marginal falls in service sector output and new orders Shar News Eurozone business activity struggles further in May amid surging price pressures Services PMI 47.7 vs 46.4 prelim Prior 47.6 Composite PMI 48.5 vs 47.5 prelim Prior 48.8 Despite the troubles in France, the overall Eurozone services economy managed to hold up in May. However, priva News Germany May final services PMI 48.1 vs 47.8 prelim Prior 46.9 Final Composite PMI 48.8 vs 48.6 prelim Prior 48.4 Key findings : Service sector remains in contraction in May, but expectations rebound Business activity falls for second month running, al News French service economy contracts at sharpest pace since late-2020 in May Services PMI 44.3 vs 42.9 prelim Prior 46.5 Composite PMI 44.9 vs 43.5 prelim Prior 47.6 Even with an improvement to the initial estimates, this is still a very poor reading for French services activi News Italy May services PMI 49.4 vs 49.1 expected Prior 49.8 Composite PMI 50.4 vs 50.5 prior Key findings : Italian service providers face strongest cost pressures since start of 2023 Business activity falls for third month running New business back Forex USD/JPY continues to poke and prod at intervention strike zone It's been twice now that the pair has hit 159.99 today before pulling back just a little bit. Since the second week of May, it has been one-wary traffic for USD/JPY in moving back up to near the 160.0 Learn more News Spain services sector returns to growth in May but price pressures still a concern Services PMI 50.1 vs 48.0 expected Prior 47.9 Overall business activity in the services sector recovered in May, supported by a marginal increase in new business. So, that's some good news as demand c

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