--- title: "Slumping Oil Prices, Persian Gulf Outlook Buoy European Bourses Midday" type: "News" locale: "en" url: "https://longbridge.com/en/news/285373574.md" description: "European bourses rose midday Wednesday, buoyed by falling crude prices and potential nuclear talks between Tehran and Washington. The Stoxx Europe 600 Index increased by 2.5%, with banks, property, and tech stocks leading the gains. Brent crude oil futures dropped nearly 11% to $97.89 a barrel. Eurozone producer prices rose 3.4% month-over-month in March. National indexes showed Germany's DAX up 2.9%, FTSE 100 up 2.6%, and CAC 40 up 3.1%. However, the Euro Stoxx 50 volatility index indicated above-average market volatility ahead." datetime: "2026-05-06T11:39:00.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285373574.md) - [en](https://longbridge.com/en/news/285373574.md) - [zh-HK](https://longbridge.com/zh-HK/news/285373574.md) --- # Slumping Oil Prices, Persian Gulf Outlook Buoy European Bourses Midday 07:39 AM EDT, 05/06/2026 (MT Newswires) -- European bourses rallied midday Wednesday amid slumping crude prices and media reports that Tehran and Washington are preparing a memorandum on nuclear talks that might lead to a resolution of Persian Gulf hostilities. Bank, property and tech stocks led gains on continental trading floors, while oil shares lagged. The pan-continental Stoxx Europe 600 Index was up 2.5% mid-session. Front-month North Sea Brent crude-oil futures were down nearly 11% at $97.89 a barrel. Investors also eyed Wall Street futures flashing green amid solidly higher closes overnight on Asian exchanges, with Seoul's KOSPI index rising 6.5% to shatter the 7,000-milestone on strength in tech issues, including a 14.4% rise in Samsung Electronics shares. In economic news, eurozone producer prices in March rose by 3.4% month over month, Eurostat reported. Year over year, the eurozone producer prices in March were up 2.1%. The Stoxx Europe 600 Technology Index was up 3.1%, and the Stoxx 600 Banks Index rose 4.8%. The Stoxx Europe 600 Oil and Gas Index eased 4.1%, while the Stoxx 600 Europe Food and Beverage Index edged 1.6% higher. The REITE, a European REIT index, rose 3%. On the national market indexes, Germany's DAX was up 2.9%, and the FTSE 100 in London advanced 2.6%. The CAC 40 in Paris was up 3.1%, and Spain's IBEX 35 lifted 2.8%. Yields on benchmark 10-year German bonds were lower, near 2.98%. The Euro Stoxx 50 volatility index was down 9.2% at 21.30, but still indicated above-average volatility for European stock markets in the next 30 days, a negative signal. A reading above 20 indicates choppier markets ahead, while below 20 suggests calmer exchanges. MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited. ### Related Stocks - [BP.UK](https://longbridge.com/en/quote/BP.UK.md) - [603353.CN](https://longbridge.com/en/quote/603353.CN.md) - [OXY.US](https://longbridge.com/en/quote/OXY.US.md) - [SMEA.UK](https://longbridge.com/en/quote/SMEA.UK.md) - [XLE.US](https://longbridge.com/en/quote/XLE.US.md) - [XSER.UK](https://longbridge.com/en/quote/XSER.UK.md) - [513080.CN](https://longbridge.com/en/quote/513080.CN.md) - [L100.UK](https://longbridge.com/en/quote/L100.UK.md) - [VDE.US](https://longbridge.com/en/quote/VDE.US.md) - [IXC.US](https://longbridge.com/en/quote/IXC.US.md) - [FEZ.US](https://longbridge.com/en/quote/FEZ.US.md) - [OIH.US](https://longbridge.com/en/quote/OIH.US.md) - [IEUA.UK](https://longbridge.com/en/quote/IEUA.UK.md) - [XOP.US](https://longbridge.com/en/quote/XOP.US.md) - [XDDX.UK](https://longbridge.com/en/quote/XDDX.UK.md) - [FDD.US](https://longbridge.com/en/quote/FDD.US.md) - [DAX.US](https://longbridge.com/en/quote/DAX.US.md) - [IEO.US](https://longbridge.com/en/quote/IEO.US.md) - [UCO.US](https://longbridge.com/en/quote/UCO.US.md) - [CRAK.US](https://longbridge.com/en/quote/CRAK.US.md) - [IEZ.US](https://longbridge.com/en/quote/IEZ.US.md) - [HUKX.UK](https://longbridge.com/en/quote/HUKX.UK.md) - [BNO.US](https://longbridge.com/en/quote/BNO.US.md) - [ISF.UK](https://longbridge.com/en/quote/ISF.UK.md) - [USO.US](https://longbridge.com/en/quote/USO.US.md) ## Related News & Research - [Oil rises more than 1% after drone attack on UAE nuclear power plant](https://longbridge.com/en/news/286683769.md) - [ROI-ENERGY WATCH: Alarms and clocks](https://longbridge.com/en/news/286796437.md) - [Capital Economics sees oil at $150 per barrel through 2027 in an extreme case](https://longbridge.com/en/news/286549728.md) - [Oil jumps as US and Iran fail to reach agreement on peace proposal](https://longbridge.com/en/news/285852790.md) - [IEA chief Birol: commercial oil inventories depleting rapidly, only weeks left](https://longbridge.com/en/news/286746172.md)