economy
European stocks stage rebound as Trump signals Iran war de-escalation
European stocks are rebounding sharply after President Donald Trump hinted at a de-escalation of tensions in a TruthSocial post.
TL;DR
- European stocks, led by the Stoxx 600, rebounded sharply after President Trump indicated a de-escalation in the Iran conflict.
- Travel and leisure stocks advanced significantly, while basic resources also recovered from earlier losses.
- Precious metals like gold eased earlier losses following the news.
- Crude prices experienced volatile trading, rising and then plummeting after Trump's comments.
- Asia-Pacific markets traded lower, while U.S. equities jumped at the market open.
- In corporate news, Poste Italiane tumbled on acquisition plans, while Delivery Hero advanced on a sale agreement.