European stocks reach new high
European stocks hit a new record level supported by strong financial results and optimism about potential de-escalation in tensions between the United States and Iran, especially with reports suggesting a possible agreement that would allow Iran to manage ship movements in the Strait of Hormuz. The Stoxx 600 index rose by 0.5% to reach 660.22 points, with profit growth forecasts of around 21% in the second quarter, boosting investor confidence and celebrating new record levels despite geopolitical challenges.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)