German stocks moved up sharply on Wednesday amid rising hopes of a de-escalation in tensions in the Middle East.
U.S. President Donald Trump said the Iran war could end in two weeks sans a deal to re-open the Hormuz, bringing a much-needed relief to markets roiled by the conflict.
Although oil prices drifted lower, analysts are of the view that it could take six to eight weeks more for oil flows to normalize.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.