The STOXX 50 jumped 1.7% and the STOXX 600 gained 1.1% on Tuesday after President Trump announced a ceasefire between Israel and Iran, which has been confirmed by both countries. If the truce holds, it would end 12 days of conflict, and send oil prices sharply lower, falling below levels seen before June 12, the day before Israel launched its attack.
Meanwhile, investors turned their attention to a NATO summit starting today in The Hague, where leaders are expected to discuss security priorities given recent global tensions.
Most sectors were trading in the green, with strong gains among major companies including SAP (+2.5%), LVMH (+2.6%), Hermes (+1.9%), ASML Holding (+2.7%) and Novo Nordisk (+2.1%). Energy stocks, on the other hand, underperformed, with Shell (-4%), TotalEnergies (-4%), BP (-5.4%) and Repsol (-4.6%) among the laggards. (alg)
Source: Trading Economics
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