European Stocks Cautiously Higher
2026-04-27 07:31
By
Joana Taborda
1 min. read
European stocks edged slightly higher on Monday, with both the STOXX 50 and STOXX 600 gaining around 0.1%, as investors kept a close watch on developments in the Middle East.
According to Axios, Iran has presented the US with a new proposal aimed at reopening the Strait of Hormuz and ending the conflict, while postponing nuclear negotiations to a later stage.
The report, citing a US official and two informed sources, raised cautious optimism that diplomatic efforts could resume and potentially lead to a resolution.
Meanwhile, investors are preparing for a busy week of major central bank decisions, including announcements from the Fed, the ECB, and the BoE.
On the macroeconomic front, German consumer confidence fell to a three-year low, highlighting ongoing concerns about the region’s economic outlook.
On the corporate front, Siemens (1.5%), Schneider Electric (1%), and UBS (1.3%) booked solid gains while ASML Holding (-0.9%), Nestle (-1%), and Unilever (-0.7%) were lower.