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MC LVMH Moet Hennessy Louis Vuitton SE News Story

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Live Markets: European stocks higher, companies flag conflict hit

Adds new blog entry

STOXX 600 up 0.7%

Peace talks hopes lift sentiment

Companies caution about conflict hit to results

Wall St futures edge up

Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com

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

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