European stocks rise in May on Middle East peace hopes
The STOXX 600 rose 0.1 percent on Friday to secure a 2.5 percent monthly gain. Hopes for a Middle East peace deal offset concerns over looming rate hikes.
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The STOXX 600 rose 0.1% on Friday, securing a 2.5% gain for the month of May. Investors reacted to reports that the United States is weighing a ceasefire deal with Iran. A finalized agreement could stabilize energy costs and extend the current global equity rally through June.
