European stocks closed on a strong note on Friday, buoyed by news that Iran has declared the Strait of Hormuz completely open to commercial traffic on the heels of the 10-day ceasefire between Israel and Lebanon.
U.S. President Donald Trump said in a post on Truth Social that the Strait of Hormuz is "completely open and ready for business" but said the U.S. will continue its blockade of Iranian ports until a final peace agreement is reached.
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April 10, 2026 16:21 ET Inflation data from the U.S. was the main data event this week as the conflict in the Middle East continue. The minutes of the latest Fed policy session and the survey data on the services sector also made headlines. In Europe, manufacturing orders data from Germany was in focus. Price data from China drew attention in Asia.