economy
European stocks close higher as Iran war uncertainty lingers
Shares listed in Europe finished higher on Tuesday, as investors continue to monitor developments in the Middle East.
TL;DR
- European stocks closed higher, with the Stoxx 600 up almost 0.5%.
- Oil and gas, telecoms, and chemicals sectors led the gains.
- Bellway shares fell 17.5% after warning of mortgage market volatility.
- Estée Lauder is reportedly in merger talks with Spanish firm Puig.
- Oil prices rebounded, with Brent crude up 4%.
- Asian stocks tracked Wall Street gains but pared them later.
- US equities remained largely unchanged.