European stocks climb on US-Iran peace hopes
European stocks rose on Wednesday, fueled by hopes that a near-term resolution to the war between the United States and Iran is possible. The U.S. administration showed signs of increased negotiations with Tehran, boosting investor optimism. The Stoxx 600 index increased by 0.4% to reach 659.29 points, with the market focusing on companies’ earnings and future outlooks. Despite raising its profit and sales forecasts, Novo Nordisk's stock declined. Conversely, Sandoz's shares jumped by 7% following an increase in its sales. Additionally, Siemens Energy reported record results for the third quarter.
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