European Markets Close Strong on Gains

European equity markets closed the day on a robust note, gaining 0.73% amid upbeat quarterly earnings and geopolitical optimism.

Stoxx Europe 600 Surges to New High

■Index rose 0.73% to 656.86 points.

■France’s CAC 40 climbed 0.61% to 8,666.63, Germany’s DAX up 0.77% to 26,202.35, and Italy’s FTSE MIB jumped 1.26% to 53,540.5.

■United Kingdom’s FTSE 100 gained 0.2% to 10,879.38.

Quarterly Earnings Power the Rally

■BP posted a 150% YoY profit surge to $5.7 billion, driven by higher oil prices.

■HSBC reported a 80% increase in pre‑tax earnings, reaching $10.1 billion.

■U.S. Treasury Secretary Scott Bessent signaled ongoing Iran talks and a possible opening of the Strait of Hormuz, boosting sentiment.

FX and Energy Market Dynamics

■EUR/USD advanced 0.122% to 1.152 (TSI 19.20).

■The post‑conflict energy crunch in the Middle East kept oil prices elevated, underpinning energy sector profits.

The rally underscores a blend of solid corporate earnings and easing geopolitical tensions. Nevertheless, the resolution of the Strait of Hormuz issue will remain a pivotal factor for global liquidity and risk assessments, with direct implications for Turkey’s trade balance and energy import costs.