LIVE MARKETS-STOXX eyes biggest daily surge in a year

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STOXX EYES BIGGEST DAILY SURGE IN A YEAR

The relief rally sparked by the last-minute Middle East truce deal lifted the STOXX 600 .STOXX up around 3.5% in morning trading on Wednesday, putting the pan-European index on track for its biggest daily gain since April 2025.

The rebound was broad-based, with travel .SXTP, technology .SX8P, industrials .SXNP and banks .SX7P - all seen as key beneficiaries of cheaper energy and falling yields - leading the charge, up 6–7%. Around 85% of the STOXX constituents rose.

Unsurprisingly, energy .SXEP was the only sector in the red, down over 4% as crude and gas prices slumped, although the sector remains up about 30% so far this year.

Euro zone equity volatility .V2TX gapped down, falling below 25 for the first time in three weeks.

(Danilo Masoni)

EARLIER ON LIVE MARKETS:

BEFORE THE BELL: MIDEAST TRUCE LIFTS EUROPEAN FUTURES 5% CLICK HERE

TWO WEEKS TO BREATHE CLICK HERE