European stocks open 1% higher after Trump announces Iran-Israel ceasefire

The Stoxx Europe Travel and Leisure scale jumped 4% successful aboriginal commercialized aft U.S. President Donald Trump announced Iran and Israel had committed to a ceasefire.

London-listed airlines and leisure stocks besides topped the Stoxx 600 successful the morning. EasyJet roseate 6.5%, InterContinental Hotels was up 3.3% and Carnival jumped 5.9%.

Multiple airlines announced connected Monday they were diverting flights successful the Middle East arsenic the region's military conflict continued to disrupt flights. This morning, the bureau of Israeli Prime Minister Benjamin Netanyahu and Iranian authorities media outlet Press TV confirmed a ceasefire had begun.

— April Roach

Shares of Swedish carmaker Volvo were up 2.3% successful aboriginal trade, paring earlier gains.

That came aft the steadfast announced connected Tuesday greeting that its Volvo Construction Equipment limb would merchantability its ownership successful China-based SDLG, and would acquire operation machinery supplier Swecon.

— Chloe Taylor

We're 20 minutes into Tuesday's trading session, and the determination Stoxx 600 is up by astir 1.2%.

Travel and leisure stocks are starring the gains, with airlines jumping aft the announcement of an Israel-Iran ceasefire. The Stoxx Travel and Leisure scale was past seen trading 4.2% higher, putting it connected way for its biggest one-day leap since April 10.

All large bourses are successful affirmative territory, with Germany's DAX scale jumping 1.8%.

— Chloe Taylor

The pan-European Stoxx 600 began the week connected a antagonistic note, ending Monday's trading league astir 0.3% lower.

Looking astatine idiosyncratic stocks, Monday's worst performers included Poste Italiane, which closed 6.3% lower, Danish jewelry shaper Pandora, which shed 5.3%, and pharma elephantine Novo Nordisk, which besides mislaid 5.3% during the session.

On Monday, it was announced that Novo had ended its woody with U.S. telehealth steadfast Hims & Hers implicit concerns astir income of Wegovy copycat drugs.

At the different extremity of the index, London-listed shares of Spectris jumped 15.7% connected Monday aft it was reported backstage equity steadfast Advent had agreed to instrumentality implicit the institution for £4.4 cardinal ($6 billion). The company, which makes investigating equipment, rejected a bid from backstage equity elephantine KKR earlier this month. KKR said Monday that it "strongly encourages [Spectris] shareholders to instrumentality nary enactment with regards to the Advent offer."

— Chloe Taylor

Good greeting from London connected Tuesday, and invited to CNBC's unrecorded blog covering European fiscal markets and the latest determination and planetary concern news, information and earnings.

Futures information from IG suggests a affirmative commencement for European markets, with London's FTSE looking acceptable to unfastened 0.3% higher astatine 8,792, Germany's DAX up 1.1% 23,541, France's CAC 40 1% higher astatine 7,618 and Italy's FTSE MIB besides up 1% astatine 39,321.

Global marketplace sentiment roseate aft President Donald Trump said that determination is simply a ceasefire timeline for Israel and Iran, prompting U.S. banal futures and Asia-Pacific markets to emergence connected Monday night.

"It has been afloat agreed by and betwixt Israel and Iran that determination volition beryllium a Complete and Total CEASEFIRE ... for 12 hours, astatine which constituent the War volition beryllium considered, ENDED!" Trump wrote connected Truth Social.

Neither Iran nor Israel has publically confirmed acceptance of a ceasefire timeline, however.

Follow CNBC's unrecorded blog connected each the latest developments successful the Israel-Iran struggle here.

— Holly Ellyatt