European stocks rebound as Iran sanctions fears ease

au.investing.com

European stocks rebounded Tuesday, with the Stoxx Europe 600 up 0.4%, as Washington's threatened "economic D-Day" sanctions on Iran failed to materialize into immediate supply shocks, easing geopolitical panic. Brent crude stabilized around $91.50 a barrel after falling over 2% overnight, while Germany's DAX and France's CAC 40 each rose over 0.4%. German Q2 GDP grew 1.0% annually, beating forecasts, supported by resilient exports. Treasury yields cooled on reports the U.S. may tap cash reserves to fund buybacks, reducing debt supply. Investors now await Nvidia's earnings and Fed Chair Kevin Warsh's Jackson Hole speech.


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