European Shares Rally as U.S.-Iran Pause Sends Oil Prices Tumbling

TLDR

• European stocks jumped sharply Monday, with the STOXX 600 up nearly 1%
• Oil fell around 5–6% after the U.S. and Iran both paused military actions
• Travel and leisure stocks gained over 2%; energy stocks fell 2%
• The Fed, Bank of England, and Bank of Japan all meet this week
• Big Tech earnings from Apple, Microsoft, Meta, Amazon, and Qualcomm are due

European markets opened sharply higher on Monday after the U.S. and Iran both agreed to pause military actions over the weekend. The move sent oil prices tumbling and lifted risk appetite across global markets.

The pan-European STOXX 600 rose around 0.7–1%, touching its highest level since July 7. Germany’s DAX led gains, up 1.3%, while France, Italy, and Spain each added around 0.9%. London’s FTSE 100 gained 0.4%.

Brent crude dropped roughly 6% to around $90 a barrel. That followed a weekend announcement where Washington paused its bombing campaign and Iran said it would follow if the U.S. did the same.

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