Daily brief
The STOXX 600 had its best day in a year and the Mexican peso rose 1.7% after a US-Iran ceasefire was announced, with the two countries agreeing to jointly manage the Strait of Hormuz. The truce also led to falling oil prices, which were celebrated by the EU and Iran. Central banks now face a dilemma over how to respond to the changing energy landscape.
US carmakers warn that proposed EU rules could block large pickup trucks from the European market.
The EU is weighing emergency measures to stabilize energy markets as crude oil prices fluctuate.
Roberto Mariani is leading the race to become CEO of Leonardo, putting pressure on incumbent Alessandro Cingolani.
OpenAI has been accused of eavesdropping on ChatGPT conversations, raising privacy concerns.