Europe’s STOXX 600 closed at its highest level in over two months, recovering all its losses since the start of the Middle East conflict, lifted by growing expectations for a U.S.-Iran peace deal and enthusiasm for AI companies. The pan-European STOXX 600 closed 1% higher at 631.63 points, less than 1% away from its February record high.
Banks led the charge with a 2% jump, while airlines also advanced as Brent crude oil slid 5% to around $98 a barrel. Lufthansa and Air France KLM were up 3.4% and 6.2%, respectively. Most…