[Trump Ends Ceasefire with One Statement, European Stock Markets Plunge] Jin10 News, July 8 – Due to Trump's statement that the ceasefire agreement with Iran has ended, oil prices surged significantly, causing banking and energy-intensive stocks across Europe to tumble, further dragging down the overall European stock markets. The Europe Stoxx 600 Index fell 1.3%; Germany's DAX Index dropped 1.9%, with German defense giant Rheinmetall plunging 5.1% and Deutsche Bank falling 4.3%. France's CAC 40 Index declined 2%, with Renault and Société Générale each down 4.3%. The UK's FTSE 100 Index fell 1.3%, with British defense group Babcock International dropping 4.3%. Spain's IBEX 35 Index was the worst-performing index, as Trump stated he did not wish to engage in any trade with Spain. Additionally, Italy's FTSE MIB Index fell 1.25%, and the Netherlands' AEX Index dropped 0.3%.