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European markets rise amid falling oil prices
Reports indicate that European stocks recorded a strong and broad rise, supported by the ongoing decline in oil prices, attributed to successful global diplomatic efforts and their passage through vital waterways in the Gulf. The STOXX Europe 600 index increased by 0.4%, the German DAX rose by 0.6%, and the French CAC 40 by 0.5%. Meanwhile, the British FTSE 100 remained stable, and Italy's FTSE MIB declined by 0.3% due to pressures in the financial stocks. International markets also discussed the possibility of a direct summit between U.S. President Donald Trump and his Iranian counterpart, amid deteriorating public support for Trump due to ongoing war with Iran and rising energy prices. Additionally, markets are optimistic about the potential visit of Chinese President to Washington, which could pave the way for extending the trade truce between the world's two largest economies, helping to ease international trade tensions.
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