European stocks surge on U.S.-Iran ceasefire deal

• European stock markets, including FTSE 100, XETRA DAX, CAC 40, and FTSE MIB, are all up significantly, with the German DAX recovering about 4.5%.
• Travel & Leisure, Construction & Materials, Technology, and Industrials are leading the gains among STOXX 600 sectors.
• Airlines like IAG, Lufthansa, Air France-KLM, and EasyJet are seeing double-digit percentage gains as oil prices slump.
• European banks such as Commerzbank, UniCredit, Deutsche Bank, and Barclays are also rallying, with Commerzbank up over 9%.
• European chipmakers like ASML, ASMI, STMicro, and Infineon Technologies are showing strong performance, with gains over 4.9%.

European stock markets are experiencing a significant rally, with major indices surging following news of a two-week ceasefire agreement between the U.S. and Iran. This positive development has led to broad gains across various sectors, particularly benefiting airlines due to slumping oil prices and banks, while U.S. futures also indicate a strong open.