India, June 24 -- The major European stocks closed on a firm note Tuesday after the office of Israeli Prime Minister Benjamin Netanyahu and Iranian state media outlet Press TV confirmed a ceasefire had begun.
While both sides have accused each other of violating the ceasefire, traders remained optimistic about easing tensions in the Middle East.
Also, traders largely shrugged off comments from U.S. Federal Reserve Chair Jerome Powell indicating the central bank will remain on hold despite pressure from Trump to lower interest rates.
Germany's DAX jumped 372.57 points or 1.60 percent to finish at 23,641.58, while the FTSE in London perked 0.95 points or 0.01 percent to close at 8,758.99 and the CAC 40 in France climbed 78.42 points or 1.0...