STOXX 600 Rises 1.3 Percent as Ceasefire Hopes Lift Markets
European shares rose Wednesday on hopes for a Middle East ceasefire. Travel and bank stocks led gains while oil prices slipped below the 100 dollar mark.
Xurve View
Insights:
Xurve View
European equity markets advanced on Wednesday as investors weighed the possibility of a diplomatic resolution to the conflict in the Middle East. The pan-European STOXX 600 index rose 1.3% to reach 586.73 points by mid-morning, building on a recovery that began during the previous session.
