Positive Momentum in European Markets

Following the announcement of a partial ceasefire in the Ukraine war and the revelation of details regarding the Black Sea agreement, major European markets experienced a significant uplift. Reports on Germany's business climate and Spain's producer prices further contributed to the positive trading atmosphere.

Index Performances Highlight the Day

The DAX rose by 1.09%, with the Euro Stoxx 50 closely behind at a 1.12% increase. Bayer emerged as the top performer, surging by 5.18%. Similarly, the CAC 40 and FTSE 100 saw gains of 1.11% and 0.44% respectively, with notable performances from Airbus and Anglo American.

Currency Movements

At 5:36 pm CET, the euro remained stable against the dollar at 1.08096, while the pound appreciated by 0.25% to 1.29559.