Europe 50 Holds Flat as US-Iran Talks and ECB Outlook Weigh

European equities opened flat on June 24 with the STOXX 600 little changed at 637.8 as investors balanced progress in U.S.-Iran negotiations against lingering rate-hike concerns. The market had rallied sharply mid-month after a preliminary U.S.-Iran deal reopened the Strait of Hormuz, sending Brent below $80 and lifting the index to record highs with year-to-date gains near 8%. Gains were later capped by the Fed’s hawkish June 18 signal and renewed tech-sector caution that triggered a 1.29% DAX drop on June 23. Defensive sectors and real estate led modest moves while defense stocks lagged.