European equities rallied, recouping over two‑thirds of losses since late‑February after a US‑Iran ceasefire announcement.
Barclays strategists warn stocks may be over‑optimistic, noting oil prices remain high and inflation expectations unchanged.
ECB is expected to deliver more than two rate hikes by year‑end, keeping financial conditions tight for equities.
Hungary’s Sunday election could shift EU veto dynamics, potentially boosting Ukraine funding and supporting the cease‑fire equity basket.