European Stocks Surge 4-5% After US-Iran Ceasefire

European equity indices jumped, with Stoxx 600 +4.4%, DAX +5.3%, CAC 40 +4.9%, FTSE 100 +3.1% by 12:57 GMT.
Gains followed a temporary ceasefire agreement between the United States, Iran and Israel, mediated by Pakistan, easing geopolitical tensions.
Brent crude fell below $100 per barrel as fears of Strait of Hormuz closure receded, supporting market optimism across Europe.
German and French government bond yields declined, further bolstering the equity rally and reinforcing risk‑off sentiment reversal.