The STOXX Europe 600 surged 2.2% to 623.25 points as US-Iran peace prospects boosted growth outlook, with banks and airlines leading gains on falling oil

Goldman Sachs and Barclays raised STOXX 600 year-end targets to 660 and 670 after the US-Iran peace deal sent oil prices tumbling approximately 4%.

The STOXX Europe 600 surged 2.2% to 623.25 points as US-Iran peace prospects boosted growth outlook, with banks and airlines leading gains on falling oil