The regional Stoxx 600 finished the day 2.5% higher
Europe stocks rebound strongly as Trump says Iran war will end in weeks
Shares listed in Europe kicked off April’s trading with a strong rebound, after notching their worst month since 2022.
The regional Stoxx 600 finished the day 2.5% higher, with all major bourses and sectors besides oil and gas stocks in the green. Britain’s FTSE 100 gained nearly 1.9%, while Germany’s DAX ended 2.7% higher and France’s CAC 40 gained 2.1%.
The moves come after President Donald Trump said Tuesday that American forces would leave Iran in “two or three weeks,” adding that the U.S. would end its war “whether we have a deal or not.”
Global benchmark Brent crude oil was 1.9% lower on Wednesday, trading at around $101.97 per barrel as markets digested Trump’s comments. U.S. West Texas Intermediate crude futures were last seen trading 1.6% lower at $99.79.
Asian stocks traded higher on Tuesday, while U.S. stocks rose on Wednesday.
Trump is due to address the United States at 9 p.m. ET on Wednesday.
In corporate news, Danish wind energy developer Vestas announced overnight it had received a 135-megawatt order in the U.S. for an undisclosed project. It came hours after the company said it had received a 90-megawatt order in the United Kingdom.
In a note sent Wednesday morning, analysts at Citi gave Vestas a buy rating and said the wind giant’s first-quarter order intake now totaled 4.2 gigawatts.
“With signs of market improvement in Germany, and initial evidence of a US up cycle, we think orders can continue to build from here, driving better than expected growth,” they said.
