European stocks rise on Hormuz deal

European stocks rose slightly today, Friday, with most indices on track to achieve weekly gains, including the Stoxx 600, which increased by more than 0.1%. Expectations of further easing were fueled by an agreement between the United States and Iran aimed at reopening the Strait of Hormuz, which eased global growth and inflation concerns. Gains were concentrated in the German DAX and French CAC 40, while the British FTSE 100 remained unchanged. The oil and gas sector saw the biggest rise of 1.3% due to rising oil prices.

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