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Advantus Media, Inc. and QuoteInspector.com
As the agency points out, investors started purchasing European stocks following the agreement between the US and Iran to implement a two-week ceasefire, which included allowing shipping through the Strait of Hormuz.
Car manufacturers, mining firms, and businesses related to travel saw increases in the European market. Shares of Antofagasta, ArcelorMittal, and EasyJet increased by over 13%, as reported by Bloomberg. Lufthansa also rose nearly 13%.
Trump shared on his social media platform, Truth Social, that he has decided to pause military actions against Iran for a period of two weeks. Iran's Supreme National Security Council stated that it has agreed to the ceasefire, and the country's Foreign Minister, Abbas Araghchi, declared that the Strait of Hormuz will remain open for shipping throughout this time.
Trump also stated that the United States had received a ten-point plan from Iran, and the two countries had resolved nearly all of the earlier disputed matters. He proposed that the existing ceasefire might eventually end the war and lead to a formal agreement. After that, the futures for June delivery of Brent crude oil on the ICE exchange in London dropped by 16%, hitting a low of $91.72.
source: bloomberg.com
Car manufacturers, mining firms, and businesses related to travel saw increases in the European market. Shares of Antofagasta, ArcelorMittal, and EasyJet increased by over 13%, as reported by Bloomberg. Lufthansa also rose nearly 13%.
Trump shared on his social media platform, Truth Social, that he has decided to pause military actions against Iran for a period of two weeks. Iran's Supreme National Security Council stated that it has agreed to the ceasefire, and the country's Foreign Minister, Abbas Araghchi, declared that the Strait of Hormuz will remain open for shipping throughout this time.
Trump also stated that the United States had received a ten-point plan from Iran, and the two countries had resolved nearly all of the earlier disputed matters. He proposed that the existing ceasefire might eventually end the war and lead to a formal agreement. After that, the futures for June delivery of Brent crude oil on the ICE exchange in London dropped by 16%, hitting a low of $91.72.
source: bloomberg.com
