STOXX 600 rises 0.2 percent on Iran peace proposal
European shares rose 0.2 percent as investors weighed a peace proposal from Iran. Defensive sectors led gains while high bond yields kept sentiment cautious.
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European shares edged higher on Tuesday afternoon after the United States paused military action against Iran to evaluate a new peace proposal. The X STOXX EUROPE 600 1C finished 0.2% higher at 611.34 points, though it remains below pre-war levels. Investors are balancing geopolitical relief against sticky inflation data that has pushed bond yields to multi-year highs.
