File photo: Bullish and bearish symbols representing successful and unsuccessful trades are seen in front of the Deutsche Börse (Deutsche Börse) in Frankfurt, Germany, on February 12, 2019.
Kai Pfaffenbach | Reuters
European listed stocks started the new trading month with a strong rebound after suffering their worst month since 2022 in March.
regional Stocks 600 It was trading 2.3% higher in London just after 12:05 p.m., with all major exchanges and sectors gaining except oil and gas stocks. british FTSE100 The last seen was a 1.9% rise, while Germany dachshund France was 2.4% higher. CAC40 It rose by 1.9%.
The move came after President Donald Trump said on Tuesday that U.S. troops would leave Iran within “two or three weeks,” adding that the United States would end the war “with or without a deal.”
As markets digested Trump’s comments, global benchmark Brent crude oil fell 0.4% on Wednesday morning, trading around $103.82 a barrel. U.S. West Texas Intermediate crude oil futures were last trading 0.3% higher at $101.71.
Asian stocks rose on Tuesday, but futures data showed Wall Street’s bias was higher.
President Trump is scheduled to speak in the United States on Wednesday at 9pm ET.
European investors will also be keeping an eye on the eurozone jobs report, which will be released later on Wednesday.
Danish wind energy developer in company news Vestas announced overnight that it had received a 135-megawatt order for an undisclosed project in the United States. This came hours after the company announced it had received a 90MW order in the UK.
In a note sent Wednesday morning, Citi analysts gave Vestas a “buy” rating and said the wind giant’s first-quarter orders now totaled 4.2 gigawatts.
“With signs of market improvement in Germany and early evidence of economic recovery in the United States, orders will continue to increase and could lead to stronger-than-expected growth,” they said.
Rightmove shares fell 4.5% on news that the property listing portal is facing a £1.5bn class action lawsuit from estate agents for abusing the market by charging “unsustainable fees”.
Rightmove acknowledged the allegations, but said in a statement that they were “unfounded and we will vigorously defend them.”
meanwhile, nikeThe company’s Frankfurt-listed shares followed U.S. shares in a plunge early Wednesday after the retailer warned that sales would fall for the rest of the calendar year, with a 20% drop expected in the main Chinese market this quarter.
