European Stocks Mixed After US-Iran Deal and Fed Stance
2026-06-18 07:24
By
Joana Ferreira
1 min. read
European stocks showed mixed performance on Thursday as investors processed the US-Iran interim agreement and hawkish signals from the US Federal Reserve.
The STOXX 50 rose 0.3% to a new record of 6,330 points, while the STOXX 600 dipped 0.2% to 638 points.
The tentative US-Iran ceasefire, ending the Iran war and reopening the Strait of Hormuz, drove oil prices to three-month lows, easing inflation concerns.
Meanwhile, the US Federal Reserve kept interest rates unchanged, but new Fed Chair Kevin Warsh hinted at a potential rate hike to curb inflation.
Later, the Bank of England is expected to maintain rates, with policymaker dissent under scrutiny for any hawkish shifts.
In individual stocks, BE Semi fell 0.4% despite raising long-term revenue and margin targets.
Volkswagen dropped 0.5% amid reports of complications at its Osnabrueck plant tied to a key shareholder, while UniCredit gained 0.4% after approaching Delfin about increasing its Generali stake.
Generali shares jumped 2.6%.