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 International Labour Organization (ILO) has begun its latest round of negotiations on creating the first binding global standards for platform-bas...
Four nurses have recovered and been discharged after receiving treatment for Ebola in the Democratic Republic of Congo, the World Health Organisation ...
Okinawa lost transport links and suffered widespread power outages on Monday (1 June) as Severe Tropical Storm Jangmi brought destructive winds and he...
Iran’s Revolutionary Guards (IRGC) said on Monday they targeted the source of an attack on a telecom facility on Sirik Island near the strategic Str...
Thai investigators seized more than 100 protected wildlife remains after raiding a souvenir and traditional medicine shop accused of selling wildlife ...
Okinawa lost transport links and suffered widespread power outages on Monday (1 June) as Severe Tropical Storm Jangmi brought destructive winds and heavy rain to Japan's south-western islands.
Thai investigators seized more than 100 protected wildlife remains after raiding a souvenir and traditional medicine shop accused of selling wildlife carcasses online.
Japan has released crested ibises into the wild on Honshu for the first time, marking a major conservation milestone in the Noto region of Ishikawa Prefecture.
The United States has moved to close a regulatory gap that may have allowed advanced AI chips to reach Chinese-linked firms overseas despite export restrictions.
U.S. rapper Kanye West, now known as Ye, performed to a crowd of 118,000 people in Istanbul on Saturday night, marking his first concert in Europe in more than a decade, despite being barred from performing in several countries over past antisemitic remarks.
Iranian-made Yassin missiles were spotted mounted on Armenian Air Force fighter aircraft during Armenia's latest military parade on Thursday (28 May), drawing attention from defence observers and regional analysts.
The Philippines remains under a "severe threat" from China despite recent efforts by Washington and Beijing to ease tensions, Philippine Defence Secretary Gilberto Teodoro said on Saturday (30 May).
Russia has recalled its ambassador to Armenia for consultations, citing Yerevan's growing rapprochement with the European Union. The move is seen as the latest sign of deteriorating relations between the longtime allies ahead of Armenia's parliamentary election on 7 June.
Donald Trump said he is “in no hurry” to reach a deal with Iran, insisting the U.S. is slowly getting what it wants. He warned military action remains an option if talks fail. Meanwhile, U.S. forces said they fired a missile at a vessel trying to breach Washington’s blockade of Iran.
The International Labour Organization (ILO) has begun its latest round of negotiations on creating the first binding global standards for platform-based work, covering services such as ride-hailing, food delivery and other app-based work.
European companies are continuing to deepen their presence in China, with nearly seven in ten firms maintaining or expanding their supply chains despite global efforts to diversify, according to a new survey by the EU Chamber of Commerce.
BP has removed its chair, Albert Manifold, with immediate effect, citing concerns over governance and conduct. The company said its board had unanimously decided that Manifold should no longer serve as chair or director.
The dual-class share structure outlined in SpaceX’s initial public offering (IPO) filing, which gives chief executive Elon Musk outsized control, has reignited one of Wall Street’s longest-running debates over corporate governance.
Kevin Warsh will be sworn in as chair of the U.S. Federal Reserve on Friday as policymakers consider higher interest rates to tackle inflation linked to the Trump administration’s Iran policy.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment