A positive trend is observed in European stock markets due to the developments regarding the agreement between the USA and Iran.
Developments in the US-Iran line are decisive on the direction of the markets.
US Vice President JD Vance stated that some disagreements regarding the nuclear program continue in the negotiations with Iran, but the parties are “very close” to an agreement.
Despite attacks on some military elements in the Middle East, the news flow that the parties agreed on a new 60-day ceasefire in the second round of talks, mostly held through mediators, increased the risk appetite in the markets.
While the decline in oil prices due to the strengthening of the possibility of an agreement reduced inflation concerns globally, the softening in energy prices brought to the fore the assessments that costs could decrease in Europe.
The barrel price of Brent oil fell to $90.7 yesterday, falling to its lowest level since April 21, and then completed the day at $92.5. The barrel of Brent oil is at 91.7 dollars, losing 1 percent in value on the new day.
As of 10.30 in European markets, the Stoxx Europe 600 indicator index is at 627.22 points, with a 0.3 percent increase, and the FTSE 100 index in the UK is at 10,440 points, with a 0.1 percent increase.
In Germany, the DAX 40 index is at 25,114 points with a 0.1 percent gain, in Italy the FTSE MIB 30 index is at 50,048 points with a 0.5 percent premium, in France the CAC 40 index is at 8,239 points with a 0.6 percent gain, and in Spain the IBEX 35 index is at 18,398 points with a 0.5 percent increase.
Analysts noted that inflation data will be followed in Germany today.
