economy
European markets finish higher as U.S. seeks end to Iran conflict
European stocks advanced Wednesday as the U.S. showed more signs it was trying to de-escalate the war with Iran.
TL;DR
- European stocks closed higher on Wednesday.
- U.S. reiterated efforts to de-escalate the war with Iran.
- Tehran stated it may allow "non-hostile" vessels through the Straight of Hormuz.
- Housebuilders led the recovery, with Crest Nicholson shares up 10.2%.
- U.K. inflation rate remained firm at 3% in February.
- U.S. President Donald Trump stated the U.S. and Iran are "in negotiations right now".
- Gold prices climbed, while oil prices dropped.
- Asia-Pacific markets and U.S. stocks also finished in positive territory.