European indices jump as investors cheer Iran-Israel ceasefire

• Eurostoxx +1.7%
• Germany DAX +1.8%
• France CAC 40 +1.6%
• UK FTSE +0.5%
• Spain IBEX +1.5%
• Italy FTSE MIB +1.5%

S&P 500 futures are also seen yup 1.0% on the day, holding near the highs. As geopolitical tensions ebb, we’re now switching back to the usual stuff and that is to focus back on the economy and the trade/tariffs war. So far today, the biggest losers are gold and oil with the former down 1.5% to $3,317 with the latter down 1.8% to near $66 currently. The low for oil touched $64.41 earlier with the drop completely erasing the entire move from the Iran-Israel conflict.

This article was written by Justin Low at www.forexlive.com.