Muscat: European stocks saw a slight rise on Wednesday as investors viewed the ceasefire between the Israeli occupation and Iran as a sign of easing tensions. The European Stoxx 600 index climbed 0.2% to 542.12 points. Other major European indices also advanced, except for Spain's benchmark index, which fell 0.3%.
According to Yemen News Agency, gains were led by European auto stocks, which rose 1.2%, while the defense industry sector gained 0.9%. In contrast, media company shares declined by 0.6%.
Shares of automaker Stellantis jumped 3.4% after brokerage firm Jefferies upgraded its rating from "hold" to "buy."