STOXX 600 Edges Up 0.1% as Iran-Israel Pause Erases Oil Spike
Updated
Updated · Reuters · Jun 9
STOXX 600 Edges Up 0.1% as Iran-Israel Pause Erases Oil Spike
3 articles · Updated · Reuters · Jun 9
Summary
The STOXX 600 rose 0.1% to 622.68 in early trade after Iran and Israel halted attacks following Donald Trump's appeal, helping crude give back nearly all of the previous session's gains.
Oil's retreat steadied sentiment, but investors stayed cautious because diplomatic talks have yet to secure a lasting peace and the Strait of Hormuz remains shut.
Markets are also bracing for Thursday's ECB decision, with inflation worries prompting pricing for a 25-basis-point rate hike and attention turning to the policy path beyond that.
Healthcare led sector declines, down 0.8%, as GSK fell 2% after agreeing to buy Nuvalent for $10.6 billion, while tech gained 0.9% and UBS added 1.5% on hopes of softer capital rules.