European stock markets demonstrated growth, reaching new historical highs, which was driven by the possibility of a swift agreement between the United States and Iran, as well as falling oil prices. The Spanish index Ibex 35 increased by 0.21% and closed at 20,023.6 points, setting a new historical high and concluding the session above the 20,000 mark for the first time. This growth was spurred by the decline in oil value linked to the prospect of the Strait of Hormuz opening.
The Paris stock exchange also continued its upward trend, registering a fourth consecutive day of growth. The main index CAC-40 rose by 0.61% to 8,666.63 points. This rise was supported by reduced pressure on the oil market due to new expectations of negotiations between the US and Iran, as well as the publication of positive corporate results.
The Frankfurt stock market, represented by the DAX 40 index, showed a growth of 0.77%, renewing its record values. The exchange closed the session at 26,202.35 points, exceeding the level of 26,001.31 points recorded on Monday.
In Milan, the FTSE MIB index also closed in positive territory, showing a growth of 1.26% and reaching 53,540.50 points. The London index FTSE 100 gained 0.20%, reaching 10,879.38 points, thus approaching its historical high of 10,917 points, which was achieved on February 27 but lost after the war with Iran.
Contrary to the general European trend, the Lisbon stock exchange closed with a slight decrease of 0.03%, amounting to 9,169.02 points. It is worth noting that the price of Brent crude oil, the benchmark in Europe, fell by more than 5% during the day, trading below $80 per barrel for the first time since mid-July, which is also related to the possibility of an agreement to open the Strait of Hormuz.