FX.co ★ European Stocks Rise to Kick Off the Week

European equities opened the week on a positive note, with the STOXX 50 up 1.1% and the broader STOXX 600 rising 0.6%. Sentiment was buoyed by growing optimism over a potential US-Iran agreement that could help end the conflict and lead to the reopening of the Strait of Hormuz. President Trump said negotiations with Iran were “proceeding in an orderly and constructive manner,” while emphasizing that he was “in no rush” to conclude a deal. At the same time, senior US officials signaled that Washington and Tehran are edging closer to an accord that would restore access to the key shipping lane. In response, oil prices fell sharply. Among notable movers, ASML Holding gained 1.2%.