European engineering and electrical equipment firms rise after Middle East ceasefire agreement

Siemens AG

08/04/2026 10:48

** Shares in European engineering and electrical equipment companies rise after the U.S. and Iran agreed on a two-week ceasefire

** The agreement will be beneficial for the demand for electrical and industrial automation equipment, Morningstar analyst Matthew Donen says

** Legrand LEGD.PA and Schneider Electric SCHN.PA gain about 8%; Siemens SIEGn.DE and ABB ABBN.S rise between 6.8% and 9.4%

** "These products sold by ABB, Legrand, Schneider Electric and Siemens are used as part of large construction or industrial projects, which are often tied to consumer confidence," Donen adds

** Both Siemens and ABB have high-beta share prices, meaning they move more than the broader market as risk sentiment shifts, Rothschild & Co Redburn analyst James Moore says

** The deal reduces the price of risk and the likelihood of worst‑case scenarios, such as a prolonged conflict pushing oil prices higher and increasing the risk of a global recession, Moore adds

 (Reporting by Anastasiia Kozlova and Amir Orusov)

 ((Anastasiia.kozlova@thomsonreuters.com; Amir.orusov@thomsonreuters.com))