European Stocks Rise on Strong UK GDP and Iran Peace Hopes
European stock markets advanced on Thursday, driven by better-than-expected UK GDP growth data and growing optimism regarding potential peace negotiations between the United States and Iran. The pan-European Stoxx 600 index rose 0.25%, with major indices in the UK, France, and Germany each gaining approximately 0.4%. The British economy expanded by 0.5% in February, significantly surpassing the 0.1% forecast, although analysts warn that the ongoing conflict involving Iran could derail future growth prospects. Market sentiment was further buoyed by reports of diplomatic progress, including comments from President Donald Trump suggesting the conflict is nearing resolution and rumors of a ceasefire extension. However, geopolitical tensions continue to impact specific sectors; airline shares, particularly EasyJet, declined due to rising fuel costs attributed to the war. Investors remain cautious as they await Eurozone inflation data, which is expected to reflect the economic fallout from the regional instability. The rally mirrored gains in Asian markets, where Japan's Nikkei 225 hit record highs, indicating a global risk-on mood tempered by the fragile nature of the Middle East situation.
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European Stocks Rise on Strong UK GDP and Iran Peace Hopes
European stock markets advanced on Thursday, driven by better-than-expected UK GDP growth data and growing optimism regarding potential peace negotiations between the United States and Iran. The pan-European Stoxx 600 index rose 0.25%, with major indices in the UK, France, and Germany each gaining approximately 0.4%. The British economy expanded by 0.5% in February, significantly surpassing the 0.1% forecast, although analysts warn that the ongoing conflict involving Iran could derail future growth prospects. Market sentiment was further buoyed by reports of diplomatic progress, including comments from President Donald Trump suggesting the conflict is nearing resolution and rumors of a ceasefire extension. However, geopolitical tensions continue to impact specific sectors; airline shares, particularly EasyJet, declined due to rising fuel costs attributed to the war. Investors remain cautious as they await Eurozone inflation data, which is expected to reflect the economic fallout from the regional instability. The rally mirrored gains in Asian markets, where Japan's Nikkei 225 hit record highs, indicating a global risk-on mood tempered by the fragile nature of the Middle East situation.
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