European Closes: Euro Stoxx 50 +1.29% at 5,654, Dax 40 +1.34% at 22,940, FTSE 100 +1.42% at 10,107, CAC 40 +1.33% at 7,847, FTSE MIB +1.48% at 44,013, IBEX 35 +1.54% at 17,170, PSI +1.49% at 9,014, SMI +1.33% at 12,682, AEX +0.91% at 983

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Some Iranian officials had said as late as Tuesday that Iran was considering meeting with US negotiators in Islamabad, Pakistan, over the next week to discuss US President Trump’s proposal but would not entertain a temporary cease-fire, NYT reports

Jetblue (JBLU) reportedly exploring potential merger partners, according to Semafor

European Closes: Euro Stoxx 50 +1.29% at 5,654, Dax 40 +1.34% at 22,940, FTSE 100 +1.42% at 10,107, CAC 40 +1.33% at 7,847, FTSE MIB +1.48% at 44,013, IBEX 35 +1.54% at 17,170, PSI +1.49% at 9,014, SMI +1.33% at 12,682, AEX +0.91% at 983

Israel' PM Netanyahu reportedly ordered maximum effort to be made in the next 48 hours to destroy as much as possible of Iran's weapons industry, according to NYT citing sources

US reportedly working to arrange Iran talks in Pakistan this weekend, according to CNN: VP Vance may travel to Pakistan for the talks

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Context

European equity markets closed higher with gains across major indices, indicating a strong risk-on sentiment as traders position themselves ahead of the US session. The broad-based uptick, particularly in indices like the FTSE MIB and IBEX 35, suggests optimism about economic stability or favorable news that may influence further rallies in risk assets. Such a solid close can set a positive tone for the upcoming trading day in the US and globally.

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