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2026.04.0807:14:41UTC+00European Stocks Soar

European equities surged on Wednesday, with the STOXX 50 jumping nearly 5% and the STOXX 600 advancing 3.6% to its highest level in about a month. The rally reflected broadly improved risk appetite following news that the US and Iran had agreed to a two-week ceasefire, reached just as President Trump’s deadline was set to expire. Iran also pledged to guarantee safe passage through the Strait of Hormuz during this period, alleviating fears of supply disruptions. In response, oil prices tumbled by roughly 15%. The advance was broad-based across all sectors, led by consumer cyclical and technology shares.

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