(Il Sole 24 Ore Radiocor) - Milano, 8 apr - European share prices opened sharply higher, following global markets upward after the US, Iran, and Israel agreed to a two-week ceasefire to facilitate negotiations.

The "double-sided ceasefire" announced by US president Donald Trump includes a delay of planned strikes on Iranian infrastructure and the reopening of the Strait of Hormuz.

While analysts await further clarity on whether this Pakistan-mediated truce offers a solid foundation for a permanent deal, the immediate reopening of negotiation channels has allowed markets to shed the extreme geopolitical risk premium accumulated in recent weeks. This shift is reflected in a sharp decline in crude oil prices during early trading hours. On the domestic data front, investors are weighing better than expected German manufacturing orders, which rose 0.9% in February. Meanwhile, France reported a widening trade deficit of 5.8 billion euros for the same month.

At 0808 GMT, London's FTSE 100 was up 2.82% at 10,640.95 points while in Frankfurt the DAX surged 4.90% to 24,062.00 points and in Paris the CAC 40 climbed 3.58% to 8,191.72 points. Milan's FTSE MIB jumped 4.04% to 47,247.50 points while in Madrid the IBEX 35 was 3.97% higher at 18,136.35.

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(RADIOCOR) 08-04-26 09:10:27 (0186) 5 NNNN