European equities are staging a near-term rally, driven by lower crude prices following the Iran war ceasefire, Reuters reported. However, investors remain sceptical about whether this will lead to a meaningful rotation away from Wall Street, where AI-driven earnings growth continues to dominate.
The move follows a drop in crude prices to near $70 a barrel, as easing concerns over supply disruptions through the Strait of Hormuz reduced pressure on Europe’s energy-importing economy.
