European Stocks Rise on Ceasefire Hopes

2026-04-02 22:44:49

Abstract generation in progress

(MENAFN) European stock markets ended Tuesday on a positive note, supported by stronger investor confidence driven by optimism about a possible ceasefire in the Middle East. However, regional shares still closed March with their largest monthly decline since mid-2022.
The benchmark Stoxx Europe 600 index increased by 0.41%, finishing at 583.14 points.

Among the major exchanges, the UK’s FTSE 100 rose by 0.48% to 10,176.45. Germany’s DAX 40 gained 0.52% to reach 22,680.04, while France’s CAC 40 climbed 0.57% to 7,816.94. Italy’s FTSE MIB 30 performed the strongest, advancing 1.11% to 44,309.71.

The euro also strengthened, with the euro/dollar exchange rate rising by 0.76% to 1.1549 as of 1730 GMT.

Investors reacted positively to reports suggesting that Donald Trump may be willing to stop attacks on Iran, increasing hopes for reduced tensions in the region.

Despite the gains seen on Tuesday, the Stoxx Europe 600 ended March down by 8%, marking its steepest monthly drop since mid-2022.

Meanwhile, annual inflation in the eurozone rose to 2.5% in March, mainly due to higher energy prices, reaching its highest level since May 2022 amid continued tensions in the Middle East.

In addition, the European Commission urged member states to encourage people to use fewer cars and reduce air travel because of the impact of Middle East developments on energy supplies.

MENAFN01042026000045017167ID1110929935

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.