European shares rise on softer US Iran sanctions
European shares gained on Tuesday driven by a softer US sanctions package on Iran and falling oil prices. Healthcare and industrial sectors led the advance while luxury stocks declined. Investors also monitored German economic data and upcoming central bank events.
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European shares rose 0.35% on Tuesday afternoon, lifted by healthcare and industrials after the United States introduced a softer-than-feared sanctions package on Iran. The benchmark STOXX 600 closed at 656.48 points, sitting 0.6% below its record high.
