European markets rallied on Tuesday, with shares climbing more than 1% after U.S. President Donald Trump announced a ceasefire between Israel and Iran, easing geopolitical tensions and lifting investor confidence.
The pan-European STOXX 600 index rose 1.4% to 542.6 points as of 0708 GMT, buoyed by improved risk sentiment across global markets. Germany’s DAX led the gains among major regional indexes, jumping nearly 2%.
Investor optimism grew after Trump confirmed late on Monday that Iran and Israel had agreed to a ceasefire, which came into effect hours later. Israeli Prime Minister Benjamin Netanyahu also confirmed Israel’s agreement to the U.S.-brokered truce.
The news sent oil prices tumbling to two-week lows amid easing supply concerns, while gold prices dipped to their lowest levels in nearly a fortnight due to risk-on appetite.
Sector performance reflected the shifting sentiment: the oil and gas sector fell 3.5%, while travel and leisure stocks surged 4.3%.
Shares in British pharmaceutical giant AstraZeneca rose 1.3% after it and its Japanese partner Daiichi Sankyo secured U.S. regulatory approval for their targeted lung cancer drug, Datroway.
The Saudi-led coalition in Yemen said late Monday that it intercepted and destroyed two ballistic missiles laun...
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One person was killed and nearly a dozen hurt in a fresh attack on Riyadh's international airport on Sunday, Saudi authorities reported, a day after a strike claimed by Yemen's Houthis killed 13 people and wounded more than 300.
Yemen's Houthis renewed warning to airlines, airport workers, and travellers against using Saudi airports, saying the warning should be taken seriously and that the kingdom “bore responsibility for failed interceptions”, a day after an attack on Riyadh's international airport that killed 12 people.
The Houthi movement has escalated their attacks on Saudi Arabia, targeting the airport in Riyadh and other cities, killing more than a dozen people.
The Kremlin on Monday rejected a 60-day ceasefire idea proposed by Ukrainian President Volodymyr Zelenskyy to allow his country to hold presidential elections, saying it wanted an overall peace deal instead.
The Saudi-led coalition in Yemen said late Monday that it intercepted and destroyed two ballistic missiles launched by the Houthi group toward Khamis Mushait in southwestern Saudi Arabia.
Asian stocks plunged to their lowest level in more than two months on Tuesday as advances by Chinese chipmakers rattled investor confidence in the artificial intelligence boom, despite soaring global semiconductor sales.
Artificial intelligence investment is helping sustain global growth at around 3 per cent, with Asia poised to reap major benefits. But soaring energy costs, unequal investment and growing pressure on young workers threaten to leave some economies behind.
Uzbekistan and Russia have a portfolio of more than 200 joint projects worth almost $6 billion, as the two countries continue to expand regional and business ties. The projects were discussed during the third meeting of the Council of Regions of Russia and Uzbekistan, held in Fergana, Uzbekistan.
In the marshlands of Malluba in southern Azerbaijan, Kamil Mammadov follows a routine that has been passed down through generations. His family has worked with medicinal leeches for centuries, harvesting and breeding a species known as Hirudo orientalis, or the Caucasian medicinal leech.
Baku is hosting the second Azerbaijan International Investment Forum (AIIF 2026) and it’s attracting more interest this year, Azerbaijan’s Deputy Prime Minister told AnewZ. “The agenda is very impressive. More guests, more interest,” he said.
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