European stocks rise in early trading; Dow futures up nearly 500 points

According to reports, the United States is considering a one-month ceasefire with Iran, and European stock markets opened higher.

As of 4:28 PM Hong Kong time, the FTSE 100 index in the UK was at 10,049 points, up 84 points or 0.85%; the DAX in Germany was at 23,022 points, up 385 points or 1.7%; the CAC 40 in France was at 7,850 points, up 106 points or 1.37%; and the FTSE MIB in Italy was at 43,977 points, up 607 points or 1.4%.

Dow futures are currently at 46,900 points, up 485 points.

According to Israeli television, the U.S. intends to propose a one-month ceasefire to discuss a 15-point agreement aimed at ending the war with Iran, including granting the International Atomic Energy Agency full access to all information and transferring enriched uranium to the agency.

Additionally, Israeli media Ynet reports that the U.S. has set April 9 as the end date for the conflict with Iran, with negotiations expected to take place in Pakistan this week. President Trump stated that Washington is communicating with “the right people,” and that U.S.-Iran negotiations may be close to reaching an agreement.

Oil prices have fallen, with New York crude futures currently at $88.11 per barrel, down $4.24 or 4.59%; London Brent crude futures are at $95.44, down $4.79 or 4.78%.