FX.co ★ European Stocks Cut Gains

On Wednesday, both the STOXX 50 and STOXX 600 indices started the day on a positive note but struggled to maintain their initial gains, ultimately trading near break-even. Investors remained focused on the ongoing situation in the Middle East, where the ceasefire between Israel and Iran appeared to be holding steady. Concurrently, market participants shifted their attention to the NATO summit in the Netherlands. During this meeting, US President Trump assured allies of his unwavering support, emphasizing a commitment to enhancing national defense spending. In corporate news, BBVA and Santander saw declines of 2.7% and 2.1% respectively, while ASML Holding experienced a 2.3% rise, with Rheinmetall closely following with a 2.0% gain.