European Stocks Jump After Cease-Fire Announcement -- WSJ

Dow Jones04-08

By Stephen Wilmot

European stocks jumped at the open as investors welcomed the two-week cease-fire agreement between the U.S. and Iran. Germany's DAX index and France's CAC 40 benchmark rose 5% and 4% respectively. European companies are often big consumers of natural gas; the shutdown of Qatari liquefied natural gas production during the war pushed up European gas prices sharply.

Britain's FTSE 100 was up a more modest 2%, held back by big oil stocks BP and Shell, which fell around 8% and 7% respectively. Brent futures fell 13% as investors bet that global oil supplies will ease with the anticipated opening of the Strait of Hormuz.

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

April 08, 2026 04:24 ET (08:24 GMT)

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