Lates News

After reaching a two-week ceasefire agreement between the United States and Iran, European stock markets are expected to experience their largest increase since 2022. As of 7:27 am Paris time on Wednesday, the Euro Stoxx 50 index futures surged 5.2%. Christopher Dambic, senior investment advisor at Pictet Group, said, "The market clearly reacted positively to this news, and it is expected that traders will sell oil and defense stocks at the opening and buy sectors that have been hit hardest during the crisis, such as financial and raw material stocks." Since the end of February, the Stoxx 600 index has fallen by 6.8% and is nearly flat for the year so far. Dambic said, "For financial markets, this may be the end of a phase, but for the global economy, the inflation impact has just begun, especially for food and raw materials."