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STOXX 600 up 0.7%
Peace talks hopes lift sentiment
Companies caution about conflict hit to results
Wall St futures edge up
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EUROPEAN STOCKS HIGHER, COMPANIES FLAG CONFLICT HIT
Major European equity indexes are higher on Tuesday as expectations are rising that the U.S. and Iran could reach a peace agreement, ending the war that began over six weeks ago.
Four sources told Reuters that negotiating teams could return to Pakistan this week, just days after initial talks collapsed without a breakthrough and as the U.S. began blockading Iranian ports.
That's helping market sentiment on Tuesday with the pan-European STOXX 600 .STOXX up 0.7%.
Breadth is positive, with advancing shares outnumbering declining stocks by 5 to 1.
The DAX .GDAXI, CAC .FCHI and FTSE .FTSE are up 0.3% to 1%.
In corporate news, LVMH LVMH.PA shares are down 2% after the luxury group said the Iran war had hit sales in the Middle East.
Shares in tobacco company Imperial Brands IMB.L are down 5.5% after warning that Middle East conflict could disrupt performance in the second half.
Here's your opening snapshot:
(Samuel Indyk)
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EARLIER ON LIVE MARKETS:
EUROPE BEFORE THE BELL: OPTIMISTIC MARKETS CLICK HERE
FINGERS CROSSED FOR A RESOLUTION CLICK HERE
Wall Street tracks twists in US-Iran war https://www.reuters.com/graphics/USA-STOCKS/byprnxybepe/chart.png
Crude oil prices https://www.reuters.com/graphics/COMMODITIES-AUTOMATED/OIL-PRICES-YTD-LIVE/movaoylzdva/chart.png
European shares rise on peace talk hopes https://www.reuters.com/graphics/GLOBAL-STOCKS/egpbeqnndvq/chart.png