European STOXX 600 rises 0.3% on U.S.-Iran deal hopes
Business
European stocks ticked higher on Tuesday, with investors feeling upbeat about a possible U.S.-Iran agreement that could end months of tension and reopen the vital Strait of Hormuz.
The STOXX 600 index rose 0.3%, led by gains in industrial goods and services, building on Monday's record high.
Oil dips near $82 a barrel
Oil prices dipped to around $82 a barrel as the deal talks helped cool fears about supply disruptions and rising costs.
Lower oil means less pressure on inflation, even as central banks like the ECB and the Bank of Japan keep an eye on interest rates.
The U.S.-Iran deal is still in early stages, but if finalized, it could bring more stability to global markets.