European Markets Rise as Geopolitical and Rate Concerns Ease

European equities closed higher on July 3 with the STOXX 600 advancing 0.68% to a record and the DAX hitting an all-time high. The rally followed a weaker-than-expected U.S. non-farm payrolls report that reduced expectations for near-term Federal Reserve tightening. Easing Middle East tensions and supportive euro-area PMI data further encouraged rotation into cyclical sectors, lifting the broader market tone.