European shares advance on Middle East peace deal optimism; earnings on watch
Add BT as a preferred source
European shares rose on Wednesday, with oil prices dropping and investor optimism rising after US President Donald Trump cited “great progress” toward a comprehensive peace agreement with Iran.
The pan-European Stoxx 600 advanced 1 per cent to 615.62 points, as of 0703 GMT, marking a second day of gains. Major regional bourses were also higher, with London’s FTSE 100 and Spain’s IBEX 35 both up over 1 per cent each.
Energy-dependent Europe has lagged major global markets that have hit record highs driven by artificial intelligence-led optimism.
Novo Nordisk gained almost 7 per cent after the Wegovy-maker reported first-quarter revenue and adjusted operating profit above expectations, slightly raising its full-year outlook.
Norwegian energy group Equinor fell 5 per cent and German carmaker BMW’s shares added 4.6 per cent after posting their quarterly results. REUTERS
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Share with us your feedback on BT's products and services
TRENDING NOW
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why
As more Asean states turn to Russia for fuel, will Moscow boost its influence in the region?
Banyan Group heir Ho Ren Yung: ‘Better to be useful than happy’
