European shares recover after Trump's comments spark de-escalation hopes
Gulf Times
European shares recover after Trump's comments spark de-escalation hopes
European shares rebounded on Monday, snapping a three-day losing streak after US President Donald Trump said he would postpone any strikes on Iranian power plants and energy infrastructure following "productive" conversations with Tehran. The pan-European STOXX 600 rose nearly 0.6% to 576.78 points after dropping as much as 2.5% earlier in the session. "Each day without resolution exerts a slow downward pull on markets, yet the potential for a sharp squeeze higher remains very real if there is even a hint of a credible ceasefire," said John Wyn Evans, head of market analysis at Rathbones.
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