Eurozone Stocks Hit 4-Week High
The Eurozone stock index (EU50) rose to 5,913 points, its highest level since March 2026. In the past four weeks, the EU50 has gained 3.95%, while in the past 12 months it has risen 27.86%.
European stock markets are expected to open sharply higher on Wednesday (April 8), as geopolitical tensions ease after the United States, Iran, and Israel agreed to a two-week ceasefire to open up negotiations toward a potential deal to end the war.
US President Donald Trump postponed planned attacks on civilian infrastructure in Iran in what he called a "double-sided ceasefire." At the same time, Iran stated that it would reopen the Strait of Hormuz for two weeks, with transit provisions coordinated with the Iranian Armed Forces.
Global equity markets had previously been under pressure since the conflict began, as surging energy prices raised inflation risks and fueled speculation of interest rate hikes. The current shift in sentiment reflects diminished concerns over energy supply disruptions and short-term inflationary pressures.
In Europe, investor attention is also focused on economic data releases, including German factory orders, French trade figures, and Eurozone PPI and retail sales. On the corporate front, there are no major corporate performance releases high on the agenda.
In premarket trading, Euro Stoxx 50 and Stoxx 600 futures rose more than 5% and 4%, respectively. Future movements will be largely influenced by the stability of geopolitical developments, the direction of energy prices, and macroeconomic data that could shape expectations for interest rate policy. (asd)
Source: Newsmaker.id
