Wall Street and European markets rise as Middle East tensions ease and AI chip stocks surge

U.S. equity markets recovered on Monday, led by a rebound in artificial‑intelligence chip makers. Nvidia and Micron Technology each rose 5.6%, pulling the broader market higher as investors renewed interest in AI‑related stocks. OpenAI filed a confidential prospectus for a potential fall‑quarter IPO, while SpaceX attracted $10 billion‑plus in institutional orders ahead of a planned listing. Lower oil prices also contributed to the positive tone.

In Europe, major indices edged up after the de‑escalation of hostilities between Israel and Iran reduced sell‑off pressure on risk assets. The Stoxx Europe 600 rose 0.1% and the FTSE 100 fell slightly, while Germany’s DAX, Italy’s FTSE MIB, France’s CAC 40 and Spain’s IBEX 35 posted modest gains. The ECB is expected to keep a close watch on policy at its Thursday meeting, with rate‑hike expectations lingering. German industrial production showed a marginal month‑on‑month increase but a year‑on‑year decline, signaling potential slowdown in the second quarter.