[MARKET UPDATE] European equity futures continue to see further upside as oil prices pull back following the AP report citing Pakistani officials stating Iran has received the ceasefire proposal; DXY now flat, WTI below USD 87/bbl, FESX +1.6%

The headline indicates that European equity futures are gaining traction amid easing oil prices, linked to a ceasefire proposal in the Pakistan-Iran context. This development might suggest reduced geopolitical risk, leading to an upbeat sentiment in equities, while the stable DXY shows limited impact from dollar dynamics. The downward pressure on oil prices could further support this equity rally by alleviating inflation fears, enhancing the growth outlook.