Overview
- Major European indices set fresh session and closing records as investor risk appetite rose on diplomatic signals about the Strait of Hormuz.
- Iran said it had agreed with Oman on a new transit route for ships but a formal U.S.–Iran agreement remains pending and markets want concrete confirmation.
- Brent traded in the low $80s as oil fell from earlier peaks, a move that helped lower near-term inflation worries and boosted cyclical and luxury stocks.
- A sharp slowdown in U.S. payrolls weighed on the case for further Federal Reserve tightening and reinforced market optimism about holding rates steady.
- Tech and memory‑chip firms underperformed after weak guidance, and analysts warn the rally could reverse quickly if diplomatic or U.S. macro news disappoints.