Europe set to open sharply higher as US-Iran halt fighting8 Apr 2026 07:02
Major European stock indexes traded higher during premarket on Wednesday after the US and Iran agreed to a two-week ceasefire, subject to "the Islamic Republic of Iran agreeing to the COMPLETE, IMMEDIATE, and SAFE OPENING of the Strait of Hormuz."
Market participants are also awaiting the release of several key indicators later in the day, including Germany's factory orders, the Swiss unemployment rate, France's trade balance, the Eurozone's retail sales and producer prices, as well as UK Halifax house price data.
The DAX jumped by 5.28% or 1,221 points, and the FTSE 100 climbed by 2.17% at 8:00 am CET. At the same time, the Euro Stoxx 50 soared by 5.36%, while the CAC 40 surged by 3.18%.
The euro improved 0.93% against the dollar to sell for $1.17042 at 7:58 am CET. Simultaneously, the pound rose 1.14% against the US currency to $1.34450.
Baha Breaking News (BBN) / RR
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