A trader works at his desk on the floor of the New York Stock Exchange (NYSE) after the opening bell rings on December 3, 2025 in New York.
Timothy A. Clary | AFP | Getty Images
LONDON—European stock markets were mixed on Tuesday as investors continued to weigh geopolitical developments in Iran and the opening of a criminal investigation into U.S. Federal Reserve Chairman Jerome Powell.
pan-european Stocks 600 As of 9:38 a.m. London time (4:38 a.m. ET), major regional stock exchanges were flat in mixed territory.
Looking at individual stocks, stocks of a Danish offshore wind power generation company Orsted Shares rose 4.6% in early trading after a U.S. judge ruled that work can continue on the $5 billion project, which was halted by the Trump administration in December.
Other Swiss financial companies UBS The stock rose 0.4% after the Financial Times reported that CEO Sergio Ermotti will step down in April 2027. A bank spokeswoman declined to comment.
Over the weekend, it was revealed that Federal Reserve Chairman Jerome Powell is under investigation by authorities in connection with the $2.5 billion renovation of the central bank’s headquarters and his testimony to Congress about the renovation.
Powell said on Sunday that the investigation was another attempt by President Donald Trump to influence the central bank’s monetary policy and that he would not bow to pressure. His term as chairman is scheduled to end in May.
Market players are also keeping an eye on developments in Iran this week after widespread protests were met with a violent crackdown by Iranian authorities.
President Trump is reportedly considering options for taking action against Iran, saying on Monday that countries that do business with Iran would be subject to a 25% tariff “on any trade made with the United States.”
Asia-Pacific markets rose overnight while U.S. stock futures fell as investors awaited consumer inflation data and major bank results from JPMorgan on Tuesday.
The Consumer Price Index report is expected to provide a complete picture of prices after the disruption caused by last fall’s prolonged U.S. government shutdown. Economists expect the report to show prices rose 2.7% in the 12 months ending in December, according to the Dow Jones consensus forecast.
— CNBC’s Pia Singh contributed to this market report.
