European Engine Makers Rebound Strongly After U.S.-Iran Cease-Fire Deal -- Market Talk

Dow Jones04-08

0737 GMT - European engine makers rise strongly as oil prices fall below $100 a barrel following President Trump's announcement of a two-week cease-fire with Iran. France's Safran climbs 11%, Britain's Rolls-Royce jumps 10% and Germany's MTU Aero Engines gains 6.2%. Defense and aerospace stocks are also on the rise. Airbus, Indra Sistemas and Babcock International Group are up 7%, 5% and 4%, respectively. Germany's Rheinmetall and Renk Group also advance while other household names in the sector show smaller gains. (cristina.gallardo@wsj.com)

(END) Dow Jones Newswires

April 08, 2026 03:37 ET (07:37 GMT)

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