LIVE MARKETS-Textbook behaviour

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STOXX 600 up 1.9%

Mideast peace optimism dominates markets

Wall St futures higher

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TEXTBOOK BEHAVIOUR

European shares are rallying, as expected, as markets seem hopeful that a Middle East peace deal is on its way. Brent crude futures LCOc1 are meanwhile down over 4% to around $86 a barrel.

The cross-regional STOXX 600 is up 1.9%, with sectors and stocks moving broadly as one might expect given the backdrop.

A basket of European travel and leisure stocks .SXTP is up 4.9%, leading gains. Shares in tour company TUI TUI1n.DE are up 8%, and Wizz Air shares WIZZ.L are 7% higher.

European oil and gas stocks .SXEP are meanwhile down 2.5%, with energy majors BP BP.L and Shell SHEL.L down 4% and 3% respectively.

UK-listed homebuilders are also on the rise - Vistry Group shares VTYV.L are up 7.8%.

It's safe to say Iran war developments are dominating markets so far today - although the SpaceX IPO later on may offer some competition.

(Sophie Kiderlin)

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EARLIER ON LIVE MARKETS:

EUROPE BEFORE THE BELL: HIGHER ON THE LATEST PEACE HOPES (CLICK HERE)

HOPE SPRINGS ETERNAL, ESPECIALLY FOR MARKETS (CLICK HERE)


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