European shares rise on Trump's Iran comments

European shares ticked higher on Tuesday after investors welcomed news that the ‌U.S. had paused a planned attack against Iran following Tehran's latest peace proposal, with chances of a deal seeming close. U.S. President Donald Trump said ‌there was now a "very good chance" of reaching a deal limiting ‌Iran's nuclear program.

European shares ticked higher on Tuesday after investors welcomed news that the ‌U.S. had paused a planned attack against Iran following Tehran's latest peace proposal, with chances of a deal seeming close.

U.S. President Donald Trump said ‌there was now a "very good chance" of reaching a deal limiting ‌Iran's nuclear program. Oil prices fell as much as 2% even as they remained over $100 a barrel, while bonds steadied after a steep selloff in the past few sessions. The ⁠pan-European ​STOXX 600 ⁠rose 0.2% to 611.22 points, as of 0702 GMT, but stayed below prewar levels.

European ⁠equities have lagged behind global peers, with the region's dependence on oil imports ​weighing on markets, while U.S. and global markets have rebounded on ⁠artificial intelligence-led optimism. The AI trade and the tech rally will face a test on Wednesday ⁠when ​the world's most valuable company, Nvidia , reports its quarterly results.

Among early movers, Standard Chartered dipped 0.8%. The lender said it plans ⁠to cut more than 7,000 jobs over the next four years as ⁠it boosts ⁠AI adoption. Vallourec tumbled 10.3% after ArcelorMittal sold secondary shares of a 10% stake in the French steel tubes maker ‌at a ‌discount.