When geopolitical risks simmer down, even temporarily, markets tend to breathe a sigh of relief—hence the uptick in European stocks. But traders aren’t popping champagne yet; Powell’s words could shift the mood in an instant, especially with inflation still a lingering concern. It’s one of those "cautiously optimistic" moments for investors.

European markets saw modest gains as tensions in the Middle East eased slightly with a fragile ceasefire holding. Investors are also keeping a close eye on Federal Reserve Chair Jerome Powell’s upcoming remarks for clues on future U.S. interest rate moves.

European stocks edge higher as Middle East ceasefire holds; Powell in spotlight

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