European Stocks Rise to Records
2026-06-15 16:00
By
Andre Joaquim
1 min. read
European stocks rose to record highs on Monday after the US and Iran agreed to a deal that suspends their war.
The Euro STOXX 50 added 0.8% to a peak of 6,236 and the STOXX Europe 600 gained 0.3% to 635.
The deal is set to be signed on Friday and reportedly restores the flow of energy exports through the Strait of Hormuz, lowering oil prices and sovereign yields throughout Europe's largest economies.
Money markets have scaled back expectations for rate hikes, now pricing in just one increase each from the ECB and the BoE by year-end.
The developments lifted banks amid the improved outlook of credit activity, with Santander, Deutsche Bank, and BBVA adding between 4.56% and 3%.
Industrials were also supported on improved demand and lower power costs, with Safran jumping 3.5% and Siemens adding 2.2%.