European stocks opened broadly higher: Germany's DAX 30 rose more than 0.8%, the UK’s FTSE 100 was up about 0.3%, and the Euro STOXX 50 gained over 0.5%.

ECB Governing Council member Wunsch said the case for another rate hike is less clear than in June. He said the US‑Iran agreement has largely removed the shock's root. Markets are pricing another move but the necessity is weaker than previously expected; if a further hike is needed he would prefer to act swiftly, though not necessarily in July. Wunsch added inflation will show some second‑round effects and stay above target for several quarters, but he is not overly worried; he would not delay long if data warranted another rate increase, without committing to timing.

BofA Securities said a stronger-than-expected June US nonfarm payrolls print could tilt markets toward pricing three Fed rate hikes in 2026. After three months of solid gains, BofA projects June payrolls +110k, citing modest initial jobless claims and a strong ADP private-payrolls print, but flagged downside risk: May’s surge in leisure and hospitality may reflect the World Cup or Memorial Day, and if the latter the June print could ease.