European markets see limited gains ahead of US and Iran discussions
European stocks experienced a modest decline during today’s trading session on Thursday, amid ongoing anticipation of efforts to restore stability in the Strait of Hormuz and amid expectations for Washington and Tehran’s talks, which remain stalled. The Stoxx 600 index rose by 0.2% but remained below yesterday’s high, while the FTSE 100 index fell by 0.3%, despite unexpected growth in the UK economy in June. This came alongside falling oil prices and improved U.S. inflation data, which eased concerns about a resurgence of inflationary pressures. However, markets continue to remain cautious due to ongoing tensions in the Strait of Hormuz and the lack of progress in de-escalation talks between Washington and Tehran.
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