Europe’s markets rebound as Trump signals end of war
European stock markets rebounded this morning as energy prices eased after Donald Trump signalled the US-Israel war on Iran could end sooner than expected.
Frankfurt’s DAX index of top German companies jumped 2.1 percent, the Paris CAC 40 rose 1.7 percent and London’s FTSE 100 advanced 1.4 percent.
World oil prices dropped by around eight percent and European natural gas prices plunged after Trump said the war was ‘going to be ended soon’.
Earlier today Asian stock markets rallied, with Seoul up more than five percent and Tokyo 2.9 percent. There were also advances in Hong Kong, Shanghai, Sydney, Singapore, Bangkok, Mumbai, Taipei, Manila and Jakarta.
That came after all three main indexes on Wall Street ended sharply higher, having reversed early heavy selling, though futures slipped Tuesday.
