STOXX 600 Rises 0.4% on AI Optimism as Iran Talk Deadlock Keeps Markets Wary

9 articles · Updated · Reuters · May 14

614.05 points marked the STOXX 600's early level, up 0.4% after a 0.8% gain on Wednesday, as AI-driven tech optimism supported European equities.
U.S.-Iran peace-talk deadlock and broader Middle East developments still capped sentiment, while investors also tracked a high-stakes U.S.-China summit.
Britain's economy grew an unexpected 0.3% in March, helping lift the FTSE 100 0.2% even as some European markets stayed shut for a public holiday.
Burberry fell 4% after reporting in-line fourth-quarter sales, saying the Iran conflict hurt tourism and spending.
European stocks remain below pre-war levels, with higher oil-driven inflation prompting markets to price in more than two ECB rate hikes this year, starting in June.

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