European stocks look set to open with a gap up on Wednesday after the U.S. and Iran agreed to a two-week ceasefire to ensure stability in the region's critical energy corridor.
U.S. President Donald Trump touted the breakthrough as a major victory for international diplomacy, asserting that Iran has signaled a readiness for lasting stability after a volatile and prolonged standoff.
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Market Analysis
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.