German stocks moved up sharply Wednesday morning, with investors going on a buying spree across the board, reacting to news about Iran and the U.S. agreeing to a two-week ceasefire that will help ensure stability in the critical energy corridor in the Gulf region.
The ceasefire calls for Israel and Hezbollah to halt fighting in Lebanon. Trump said he was holding off on his threatened attacks on Iranian bridges and power plants.
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Market Analysis
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.