{"id":61168,"date":"2025-06-24T09:00:36","date_gmt":"2025-06-24T09:00:36","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2025\/06\/24\/european-shares-climb-as-israel-iran-ceasefire-comes-into-effect\/"},"modified":"2025-06-24T09:00:36","modified_gmt":"2025-06-24T09:00:36","slug":"european-shares-climb-as-israel-iran-ceasefire-comes-into-effect","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2025\/06\/24\/european-shares-climb-as-israel-iran-ceasefire-comes-into-effect\/","title":{"rendered":"European Shares Climb As Israel-Iran Ceasefire Comes Into Effect"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"divBody\">\n<div id=\"ctl00_CPI_dvBody\">\n<p> European stocks opened on a strong note Tuesday after the office of Israeli Prime Minister Benjamin Netanyahu and Iranian state media outlet Press TV confirmed a ceasefire had begun.<\/p>\n<p>In economic news, German <span class=\"landLinks\">business<\/span> morale improved more than expected in June amid improvement in companies&#8217; future prospects, a survey showed. The Ifo institute&#8217;s business climate index rose to 88.4 from 87.5 in May.<\/p>\n<p>The focus now turns to U.S. Federal Reserve Chair Jerome Powell&#8217;s upcoming testimony before Congress later in the day.<\/p>\n<p>The pan-European STOXX 600 jumped 1.3 percent to 542.16 after closing 0.3 percent lower on Monday. <\/p>\n<p>The German DAX rallied over 2 percent, France&#8217;s CAC 40 gained 1.3 percent and the U.K.&#8217;s FTSE 100 was up 0.4 percent. <\/p>\n<p>Travel-related stocks traded higher, with Carnival and EasyJet surging 6-7 percent. <\/p>\n<p>Defense stocks fell, with Hensoldt falling 2.8 percent and Rheinmetall losing 1.4 percent. <\/p>\n<p>Volvo AB rallied 2.6 percent after its construction equipment unit signed a pact to sell its ownership in China-based SDLG (Shandong Lingong Construction Machinery Co) to a fund predominantly owned by the Lingong Group (LGG).<\/p>\n<p>Educational <span class=\"landLinks\">technology<\/span> and resources provider RM Plc soared 9 percent after saying it is on track to achieve annual targets. <\/p>\n<p>Bunzl advanced 1.5 percent after announcing its latest acquisition deal to buy Brazilian food packaging business Solupack. <\/p>\n<\/p>\n<\/div><\/div>\n<p><script type=\"text\/javascript\">\n        window.fbAsyncInit = function () {\n            FB.init({\n                status: true,\n                cookie: true,\n                xfbml: true\n            });\n        };\n        (function (d) {\n            var js, id = 'facebook-jssdk'; if (d.getElementById(id)) { return; }\n            js = d.createElement('script'); js.id = id; js.async = true;\n            js.src = \"https:\/\/connect.facebook.net\/en_US\/all.js\";\n            d.getElementsByTagName('head')[0].appendChild(js);\n        }(document));\n    <\/script><br \/>\n<br \/>\n<br \/>European Shares Climb As Israel-Iran Ceasefire Comes Into Effect<\/a><br \/>\n<br \/>2025-06-24 09:00:36<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>European stocks opened on a strong note Tuesday after the office of Israeli Prime Minister Benjamin Netanyahu and Iranian state media outlet Press TV confirmed a ceasefire had begun. In&#8230;<\/p>\n","protected":false},"author":2,"featured_media":61169,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[],"class_list":["post-61168","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/61168","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=61168"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/61168\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/61169"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=61168"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=61168"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=61168"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}