European stock markets are moving on an upward trajectory today after a ceasefire between Israel and Iran.

Meanwhile, oil is significantly receding, with markets pricing stabilizing the situation in the Middle East.

European stock markets

The European stock markets were up on Tuesday, with the climate being positive after a ceasefire announcement between Iran and Israel.

Pan -European Stoxx Europe 600 rises 1.21%

The German DAX wins 1.82%, the French CAC 40 is up 1.38%, while the British FTSE is 0.39%.

In addition, the Tel Aviv Stock Exchange opened up and Sekel reached a two -year high against the dollar on Tuesday, after Israel and Iran agreed to cease fire after nearly two weeks of battles.

Not long ago, Israel issued a warning of Iranian attack in the midst of a ceasefire by the Israeli army for many parts of the country, but markets have not so far reacted to the news so far.

The wide Tel Aviv 125 .TA125 index rose 1.7%, while the Blue Chip Ta-35 .ta35 rose 1.5%for the sixth day of market profit in the last seven meetings, due to the optimism that Israel has threatened to have been threatened with Iran.

Sekel was 1.5% over the dollar at 3.39, its strongest level since February 2023.

Oil

Oil prices are receding on Tuesday, both for the US WTI and the World Brend World Reference Index.

The WTI is negotiating at $ 65.87 a barrel, down 3.85%, while crude Brent is down 3.81% and deals with $ 68.76.

Yesterday, Monday, crude prices reached up to $ 82 after the Iranian missile launches on US bases, but shortly thereafter began a sharp decline, as markets did not invoice increased risk.

Meanwhile, late last night, Trump announced what he called “full and total” truce between Israel and Iran in a social media post (at 01:00 after midnight, Greek time) which said he hoped he would be permanent.

Earlier, on the same day, the US president urged oils to increase production with the notorious “Drill Baby, Drill”.

In addition, markets do not “see” for the time being, a possible closure of the straits of the hormone, a movement that would launch oil prices.