economy
March 10, 2026
European stocks jump 2% as sliding oil prices buoy sentiment
European equities rebounded on Tuesday as traders continued to watch developments in the Middle East.
TL;DR
- European stocks rose significantly, with the Stoxx 600 ending 1.8% higher.
- Airline stocks staged a broad recovery as falling oil prices eased concerns over jet fuel.
- Oil prices plunged after U.S. President Trump's comments but remain elevated.
- G7 energy ministers were set to meet virtually to discuss a potential release of strategic oil reserves.
- Volkswagen reported a 53% year-on-year drop in operating profit, attributing it to tariffs and currency fluctuations.
- Lindt reported strong full-year sales growth of 12.4% despite a challenging market environment.
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