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The pan-European STOXX 600 index was up 3.6pc at 611.73 points.
A two-week US-Iran ceasefire triggered a sharp global market rally and oil price drop.
KEY POINTS
- Brent crude futures fell 15% to below $100 a barrel after the ceasefire announcement.
- Dubai's stock index surged 8.5%, its biggest intraday gain since December 2014.
- Ryanair's stock jumped 9.33%, leading rebounds among shares previously hit by the Iran conflict.
- President Trump agreed to the ceasefire hours before a deadline for Iran to reopen the Strait of Hormuz.
COMPANIES
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