EUR/PGK Price & Performance (EURPGK)

European stock markets saw gains as Ukraine agreed to a U.S.-proposed 30-day ceasefire with Russia. The STOXX 600 rose 1.1%, while Germany's DAX climbed 1.7%. Investors were cautiously optimistic despite ongoing trade tensions, with the ceasefire talks providing a temporary boost to sentiment.123

U.S. tariffs under President Trump have driven investors to diversify internationally. While the S&P 500 declined 6%, Germany's DAX rose 10%, and China's Hang Seng surged over 20%. These shifts reflect the global response to heightened trade barriers and economic uncertainty in the U.S.453

Intense aerial strikes between Russia and Ukraine continue despite a proposed ceasefire. Ukrainian drones targeted Russian regions, while Moscow advanced in Kursk. Both sides accuse each other of stalling peace efforts, casting doubt over the prospects of a resolution to the three-year conflict.678