FX.co ★ European Shares Jump Over 1%

On Tuesday, the STOXX 50 experienced a rise of 1.7%, while the STOXX 600 increased by 1.1% following President Trump's announcement of a ceasefire between Israel and Iran—a truce that both countries have confirmed. Should this ceasefire hold, it would conclude the 12-day conflict, consequently causing a significant decline in oil prices, which have fallen below the levels observed prior to June 12, the day before Israel initiated its offensive. Investors are now shifting their focus to the NATO summit that is commencing today in The Hague, where global leaders are expected to discuss security priorities in response to recent international tensions. Most sectors traded positively, with notable gains from major companies such as SAP (rising by 2.5%), LVMH (up by 2.6%), Hermes (increasing by 1.9%), ASML Holding (gaining 2.7%), and Novo Nordisk (up by 2.1%). Conversely, energy stocks underperformed, with Shell falling by 4%, TotalEnergies decreasing by 4%, BP dropping by 5.4%, and Repsol declining by 4.6%.