European Markets Close On Upbeat Note As U.S.-Iran Ceasefire Deal Lifts Sentiment

European equities rallied sharply after reports of a U.S.-Iran ceasefire deal, prompting sustained buying throughout the trading session. A sharp drop in oil prices and declines in sovereign bond yields amplified the risk-on move and supported a broad market uptick.

Analysis

European equities rallied sharply after reports of a U.S.-Iran ceasefire deal, prompting sustained buying throughout the trading session. A sharp drop in oil prices and declines in sovereign bond yields amplified the risk-on move and supported a broad market uptick.