Stoxx 600 Up 0.7% Starmer, Trump Calls Iran Ceasefire
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- Stoxx 600 opened 0.7% higher on Wednesday, leading a rebound in European equities after Tuesday’s losses.
- Keir Starmer refused to resign despite a poor local‑election showing and ministerial resignations, pledging to “get on with governing”.
- UK gilts fell 2‑6 basis points across maturities, reversing Tuesday’s double‑digit gains as investors calmed.
- Siemens launched a €6 billion five‑year share‑buyback programme after reporting a Q1 net profit of €2.03 billion.
- Donald Trump called the US‑Iran ceasefire “unbelievably weak” ahead of his meeting with Chinese President Xi, while Defense Secretary Pete Hegseth said congressional approval isn’t required to restart strikes.
Why it matters: European investors gain from a 0.7% rise in the Stoxx 600 and falling UK gilt yields, which lower borrowing costs for the UK Treasury; Siemens shareholders see a €6bn buyback that supports the stock.
