European shares rise as oil prices ease and ceasefire holds
European shares rose 0.7% as a US-Iran ceasefire held and oil prices eased. Strong earnings from Merck and Allianz supported gains as investors eyed rate hikes.
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The X STOXX EUROPE 600 1C rose 0.7% to 611.10 points on Wednesday morning as a fragile ceasefire between the United States and Iran held. The recovery follows a 1% drop in the previous session as peace negotiations stalled. Energy price volatility poses risks to global growth.
### Energy Relief Lifts Regional Bourses Equity markets across Europe rebounded as oil prices retreated from levels above $100 a barrel. The X FTSE 100 1C added 0.6% in the United Kingdom, while Germany's DAX gained 0.9% in Germany.
