European Stocks Close Higher
2026-03-25 16:58
By
Andre Joaquim
1 min. read
European equities closed firmly higher on Wednesday, extending their rebound this week as signs that the US aims to de-escalate the conflict with Iran dimmed concerns of energy-fueled inflation.
The Eurozone's STOXX 50 gained 0.6% to 5,627 and the pan-European STOXX 600 jumped 1.2% to 586.
The US outlined points for a ceasefire with Iran, which was rejected by Tehran, but the signal that Washington aims to ease the conflict and prioritize economic health by lower energy prices supported risk assets across the globe.
Banks led the rebound as the support for European government bonds eased concerns of weaker balance sheets, lifting ING, Deutsche Bank, Santander, and BBVA by over 2%.
Industrial companies and chemicals producers also rose as a fourth straight session of decline in natural gas prices aided their margin outlooks, with Schneider, BASF, and Siemens Energy gaining between 4.5% and 2.5%.
Also, Grifols rose 1.5% as it will IPO its US biopharma business.