European equities recover from 2-month lows

• European stock markets (FTSE 100, XETRA DAX, CAC 40, FTSE MIB) are up significantly, with gains ranging from +1.45% to +2.37%.
• The rally is attributed to President Trump's comments suggesting the military operation in Iran will end 'very soon,' easing geopolitical tensions.
• Banks are leading the gains among sectors, with Commerzbank, Unicredit, Deutsche Bank, and Barclays all tracking up more than 4%.
• Other strong performing sectors include Technology, Basic Resources, and Travel & Leisure, all seeing gains of over 2.9%.
• European miners like Anglo American and Antofagasta, and luxury brands such as Kering and Richemont, are also experiencing notable increases.

European equities are experiencing a significant rebound, recovering from two-month lows, driven by hopes of de-escalation in the Middle East following comments from President Trump. The market rally is broad-based, with strong performances across major indices and key sectors like banks, technology, basic resources, and travel & leisure, although still off earlier year highs.