Spectacular return on European stock exchanges, after Trump's statements regarding the end of the conflict with Iran.
Lara Maior
Economy
marketlan/ Shutterstock.com
Always see our news on Google
The listed stocks in Europe started April with a significant rebound, after March was the weakest month of 2022, according to CNBC. The Stoxx 600 index ended the day with a 2.5% increase, with all major exchanges and sectors in the positive, except for companies in the oil and gas sector. The British FTSE 100 rose by nearly 1.9%, the German DAX by 2.7%, and France's CAC 40 gained 2.1%. The increases were driven by statements from U.S. President Donald Trump, who announced the withdrawal of forces from Iran. In the energy sector, Brent oil fell by 1.9%, while futures contracts for U.S. oil dropped by 1.6%. Vestas, a Danish wind energy developer, received new orders in the U.S. and the United Kingdom, and Citi analysts recommended buying its stocks. On the other hand, Rightmove's stocks fell due to a collective action in court, and Nike warned about declining sales, especially in the Chinese market.
Sources
Latest News
22:58
The Minister of Health requests estimates regarding the budget and the number of employees needed in hospitals and ambulance services
22:44
ECHR condemns Romania over ineffective investigation into Iancu Sandu’s death during the Revolution
22:41
Iran’s president, message to Vladimir Putin: “I believe that we are capable of resolving our problems in the region without depending on the United States”
22:21
Italy’s government is calling for the swift appointment of a common EU representative for negotiations with Russia
22:08
Luca Niculescu: The budget rectification will take place in parallel with the presentation of the state of the country’s finances / “It seems logical to me that we should know the state of the country’s finances”
See more news
NEWS ON THE SAME TOPICS
Personalized news feed, AI-powered search, and notifications in a more interactive experience.
