Europe stocks set for rebound as Trump says Iran war will end in weeks

European-listed shares will start the new trading month with a strong recovery after recording their worst month since 2008 in March.

Futures depend on the region Stoxx 50 It was trading up 2% before the opening bell on Wednesday. affiliated with London FTSE100 increased by 1% and Germany DAX futures were 2% higher. Futures tied to France CAC 40 It gained 1.3 percent.

The moves come after President Donald Trump said on Tuesday that American forces would leave Iran in “two to three weeks,” adding that the United States would end its war “whether we have a deal or not.”

Global benchmark Brent crude was trading down 0.4% at around $103.82 a barrel on Wednesday morning as markets digested Trump’s comments. U.S. West Texas Intermediate crude oil futures were last up 0.3% at $101.71.

Asian stocks traded higher on Tuesday, with futures data pointing to a higher open on Wall Street.

Trump will address the United States at 21:00 on Wednesday.

European investors will also be watching euro zone employment data due later on Wednesday.

In corporate news, Danish wind energy developer Vestals announced overnight that it had received a 135 megawatt order from the USA for an undisclosed project. This came hours after the company announced it had secured an order for 90 megawatts in the UK.

In a note sent Wednesday morning, analysts at Citi gave Vestas a Buy rating and said the wind giant’s first-quarter order intake now totals 4.2 gigawatts.

“With signs of market recovery in Germany and early evidence of a bullish cycle in the US, we think orders could continue to rise from here, delivering better-than-expected growth,” they said.

Meanwhile, NikeFrankfurt-listed shares followed sharp declines in their US peers earlier on Wednesday after the retailer warned sales would fall for the rest of the calendar year due to an expected 20% decline in its main Chinese market in the current quarter.