European Union — European Central Bank & EURO STOXX 50

European Union — European Central Bank: The European Union — European Central Bank (ECB) welcomed the US-Iran ceasefire, with President Christine Lagarde noting its potential to reopen the Strait of Hormuz. However, policymaker Joachim Nagel cautioned that it would not bring immediate relief to high euro zone inflation, influencing market expectations for future rate hikes.

EURO STOXX 50: The pan-European EURO STOXX 50 advanced, indicating a general positive trend across European stock markets.

EURO STOXX 50: EURO STOXX 50 futures slid, indicating a negative sentiment in Europepean markets due to the inflationary pressures from oil prices.