<ul data-eligibleForWebStory="true"><li>Shares in UK defence Babcock surge 13% after upgrading forecasts for defense.</li><li>Financial markets are calm after turbulent sessions, thanks to the Israel-Iran ceasefire holding.</li><li>Optimism about the ceasefire reflects in rising equities, with Wall Street close to record highs.</li><li>Asia and European indices show positive trading starts, amid uncertainty about the truce.</li><li>US Intelligence report doubts US strikes' effectiveness in crippling Tehran's nuclear capabilities, leading to worries about potential military action.</li></ul>

Tesla’s EU sales slump continues; China’s premier warns global trade tensions ‘intensifying’ – business live

Discover more