A 60-day ceasefire proposal between the U.S. and Iran lifts sentiment, offsetting regional geopolitical risks and inflation concerns.
European equities traded slightly higher Friday as optimism over a 60-day U.S.-Iran ceasefire proposal buoyed investor sentiment. The truce aims to stabilize energy markets amid ongoing geopolitical uncertainties.
The gains followed mixed signals, including a drone strike near Romania’s border and persistent inflation data. Markets had opened cautiously after recent volatility tied to Middle East tensions and central bank policy expectations.
Energy and defensive sectors led modest advances, while bond yields remained steady. The ceasefire announcement provided temporary relief, though traders remained wary of escalation risks.