European Stocks Surged Sharply

Against the backdrop of falling oil prices and hopes for peace in the Middle East.

European stocks jumped at the start of trading on Friday amid falling oil prices driven by hopes for a diplomatic ‌resolution of the conflict in the ‌Middle East.

The pan-European STOXX 600 index rose 1.4% by 10:50 a.m. Moscow time.

The rally was led by shares of ‌Tui AG, Acciona SA, and KGHM Polska Miedz SA, which rose ‌by 6.69%, 6.29%, and 6.25%, respectively.

The German DAX index rose by 1.5%, the British FTSE 100 index rose by 1.0%, and the French CAC 40 rose by 1.6%.

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