European shares jump as Iran-Israel ceasefire optimism lifts risk sentiment
June 24 (Reuters) - European shares climbed more than 1% on Tuesday after U.S. President Donald Trump announced a ceasefire between Iran and Israel, boosting investor sentiment and risk appetite across global markets.
The pan-European STOXX 600 index (.STOXX), opens new tab was up 1.4% at 542.6 points, as of 0708 GMT. Other major regional indexes also traded higher, with Germany's benchmark (.GDAXI), opens new tab leading gains with a nearly 2% jump.
Israeli Prime Minister Benjamin Netanyahu confirmed that Israel has agreed to Trump's proposal for a ceasefire with Iran.
Trump announced late on Monday that Iran and Israel had agreed to a ceasefire. Hours later, he confirmed it was now in effect and urged both countries to uphold the agreement.
Oil prices dropped to two-week lows as supply concerns eased, while the risk-on sentiment pushed gold prices to their lowest level in nearly two weeks.
The oil and gas sector (.SXEP), opens new tab lost 3.5%, while travel and leisure stocks (.SXTP), opens new tab surged 4.3%.
Shares of AstraZeneca (AZN.L), opens new tab gained 1.3% after the British drugmaker and its partner Daiichi Sankyo (4568.T), opens new tab won approval from U.S. regulators for their precision drug Datroway to treat a type of lung cancer.
Investor attention is also on U.S. Federal Reserve Chair Jerome Powell's upcoming testimony before Congress later in the day.
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Scottish Sun
24 minutes ago
- Scottish Sun
‘They don't know what the f**k they're doing!' rages Trump as he blasts Iran AND Israel for breaking hour-old ceasefire
Scroll down for the latest updates... DON'S F-BOMB 'They don't know what the f**k they're doing!' rages Trump as he blasts Iran AND Israel for breaking hour-old ceasefire Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) DONALD Trump has slammed both Israel and Iran blasting they "don't know what the f*** they're doing". Trump's stunning profanity in front of cameras comes after a ceasefire between the two Middle Eastern countries appeared to break down. 4 President Donald Trump speaks to reporters before boarding Marine One 4 Trump said Iran's nuclear program was destroyed Credit: Reuters 4 Iran bombed homes in the Israeli city of Beersheba after the ceasefire had begun Credit: AP 4 An Iranian rocket which landed in Israel The President appeared visibly angry speaking to journalists as he left the White House to Joint Base Andrews this morning. Israel was preparing to strike Tehran after a new wave of ballistic missiles were launched at Israel. The rockets arrived just four hours into a pause in fighting following 12 days of missile salvos and World War 3 brinkmanship. The two ballistic missiles were intercepted around 9am UK time - but it sparked a rapid deterioration towards renewed war. Israel's defence minister Israel Katz said the IDF was set to launch 'intense strikes against regime targets in the heart of Tehran'. But Trump then appeared and blasted both Iran and Israel for violating the ceasefire. He appeared visibly angry at the quick collapse of the agreement and lashed out saying: "We basically have two countries that have been fighting so long and so hard that they don't know what the f*** they're doing." Trump also sent a stinging message to Israel in a post on social media saying: "Do not drop those bombs. If you do it is a major violation. "Bring your pilots home now." Soon after, Israel appeared to have massively minimised its attack on Iran and only bombed a radar station in a "symbolic strike", local media reported. In a case of mixed messaging, Iran denied twice that they fired the missiles but also claimed that Israel broke the ceasefire first and the missile salvo was in response to that. Trump announced the ceasefire on social media early on Tuesday morning saying: "THE CEASEFIRE IS NOW IN EFFECT. PLEASE DO NOT VIOLATE IT!" Netanyahu declared victory and hailed Operation Rising Lion as a success having gutted the Ayatollah's ballistic missile and nuclear program. He said in a statement: 'The IDF achieved full air control over Tehran's skies, inflicted severe damage on the military leadership, and destroyed dozens of central Iranian government targets." The first part of the deal kicked into effect at 5am UK time and involved Iran first stopping its missile attacks. Israel then had an extra 12 hours to continue attacking Iran, with its strikes having to stop at 5pm UK time and the full ceasefire taking effect. The agreement came after the Ayatollah fired a last second salvo of missiles just before the deadline at 5am UK time. Tragically four civilians were killed in the heartless strike on apartment buildings in the city of Beersheba. Trump made the announcement just hours after Iran dramatically attacked a US military base in Qatar. He wrote on Truth Social: "It has been fully agreed by and between Israel and Iran that there will be a "Complete and Total CEASEFIRE." Don dubbed the conflict "THE 12 DAY WAR" and said it could have "gone on for years, and destroyed the entire Middle East, but it didn't, and never will!" The ceasefire came after Trump dismissed the Iranian missile strike targeting the Al Udaid US air base on Monday night as "very weak". All the Iranian missiles were shot down, and no casualties were reported. Stay up to date with the latest on Israel vs Iran with The Sun's live blog below...
The Sun
29 minutes ago
- The Sun
‘They don't know what the f**k they're doing!' rages Trump as he blasts Iran AND Israel for breaking hour-old ceasefire
DONALD Trump has slammed both Israel and Iran blasting they "don't know what the f*** they're doing". Trump's stunning profanity in front of cameras comes after a ceasefire between the two Middle Eastern countries appeared to break down. 4 4 4 4 The President appeared visibly angry speaking to journalists as he left the White House to Joint Base Andrews this morning. Israel is now preparing to strike Tehran after a new wave of ballistic missiles were launched at Israel. The rockets arrived just four hours into a pause in fighting following 12 days of missile salvos and World War 3 brinkmanship. The two ballistic missiles were intercepted around 9am UK time - but it sparked what appeared to be a rapid deterioration of the ceasefire. The IDF is set to launch 'intense strikes against regime targets in the heart of Tehran', Israel's defence minister Israel Katz has said. Trump has now blasted both Iran and Israel for violating the ceasefire saying that he was "unhappy" with both. But he also took aim at Israel, saying it needed to "calm down". He also sent a stinging message to Israel in a post on social media saying: "Do not drop those bombs. If you do it is a major violation. "Bring your pilots home now." In a case of mixed messaging, Iran has denied twice that they fired the missiles but also claimed that Israel broke the ceasefire first and the salvo was in response to that. Israeli politicians have so far viewed the salvo as a clear breach of the ceasefire, with Katz saying Prime Minister Benjamin Netanyahu also coordinated the impending strikes. Trump announced the ceasefire on social media early on Tuesday morning saying: "THE CEASEFIRE IS NOW IN EFFECT. PLEASE DO NOT VIOLATE IT!" Netanyahu declared victory and hailed Operation Rising Lion as a success having gutted the Ayatollah's ballistic missile and nuclear program. He said in a statement: 'The IDF achieved full air control over Tehran's skies, inflicted severe damage on the military leadership, and destroyed dozens of central Iranian government targets." The first part of the deal kicked into effect at 5am UK time and involved Iran first stopping its missile attacks. Israel then had an extra 12 hours to continue attacking Iran, with its strikes having to stop at 5pm UK time and the full ceasefire taking effect. The agreement came after the Ayatollah fired a last second salvo of missiles just before the deadline at 5am UK time. Tragically four civilians were killed in the heartless strike on apartment buildings in the city of Beersheba. Trump made the announcement just hours after Iran dramatically attacked a US military base in Qatar. He wrote on Truth Social: "It has been fully agreed by and between Israel and Iran that there will be a "Complete and Total CEASEFIRE." Don dubbed the conflict "THE 12 DAY WAR" and said it could have "gone on for years, and destroyed the entire Middle East, but it didn't, and never will!" The ceasefire came after Trump dismissed the Iranian missile strike targeting the Al Udaid US air base on Monday night as "very weak". All the Iranian missiles were shot down, and no casualties were reported.
Spectator
30 minutes ago
- Spectator
Watch: Trump's expletive-laden warning to Israel
US President Donald Trump is taking no prisoners today. Just hours after Trump announced a ceasefire had come into place between Israel and Iran – following the Iranian strikes yesterday evening on Doha – now the President has sent a message to Israel, warning against further strikes in a rather, um, explicit fashion. Taking first to his Truth Social platform, Trump issued a concise memo: ISRAEL. DO NOT DROP THOSE BOMBS. IF YOU DO IT IS A MAJOR VIOLATION. BRING YOUR PILOTS HOME, NOW! Speaking to reporters before today's Nato summit in The Hague, the US President then went on to fume that he is 'not happy' with Israel. The Israeli military had agreed to Trump's peace proposal, but subsequently announced it had intercepted a missile launched by Iran – Tehran denies starting fresh attacks. 'There was one rocket that I guess was fired overboard after the time limit and now Israel is going out. These guys [have] got to calm down,' he told the press. 'I didn't like the fact that Israel unloaded right after we made the deal. They didn't have to unload.' Trump added: We basically have two countries that have been fighting so long and so hard that they don't know what the fuck they're doing. Don't hold back! In the last few minutes, the President has taken to Truth Social to issue yet another message, after initially climbing that both Iran and Israel violated his ceasefire agreement. Now Trump has written: Israel is not going to attack Iran. All planes will turn around and head home, while doing a friendly 'plane wave' to Iran. Nobody will be hurt, the ceasefire is in effect! Thank you for your attention to this matter! Half an hour is a long time in politics, eh? Watch the clip here:
