Stoxx 600 Gains 0.2% Ahead of US-Iran Negotiations

European Stocks
European Stocks

European Shares Extend Weekly Gains Ahead of US-Iran Talks

Brussels:  European stocks rose slightly today as investors awaited upcoming talks between the United States and Iran, amid cautious optimism despite continued uncertainty surrounding the ceasefire.

The pan-European STOXX 600 index gained 0.2 percent to reach 613.48 points, remaining on track for a third consecutive weekly gain.

Market sentiment remained cautious ahead of negotiations scheduled to take place in Pakistan, as the two-week ceasefire between the United States and Iran faces mounting pressure.

Healthcare and technology stocks led gains, rising by 0.5 percent and 0.6 percent respectively, while energy stocks declined by 0.7 percent despite higher oil prices.

European markets had recorded strong gains earlier this week following the ceasefire announcement, helping the STOXX 600 recover part of its losses since late February.

Shares of Sodexo fell by 20 percent after the company revised down its annual sales and profit forecasts.

Investors are also awaiting US inflation data due later today for further indications on economic trends.

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