European equities moved higher on Tuesday, while the U.S. dollar weakened to a six-week low and government bond yields edged down, as investors grew more optimistic about potential progress in Middle East peace negotiations.
Oil prices slipped back below $100 per barrel as the U.S. blockade of Iranian ports officially took effect. At the same time, reports indicated that Washington and Tehran may be preparing a second round of talks aimed at resolving the conflict.
Germany’s DAX index rose 1.2%, France’s CAC 40 gained 0.9%, and the U.K.’s FTSE 100 added 0.1%.
Shares of LVMH (EU:MC) fell nearly 2% after the luxury group reported a 6% year-on-year decline in first-quarter 2026 revenue, citing disruption linked to the Middle East conflict.
Eurofins Scientific (EU:ERF) jumped more than 5% after announcing an agreement to sell its electrical and electronic testing division to UL Solutions.
Worldline (EU:WLN) dropped 1.2% after entering exclusive negotiations to divest its New Zealand payments business to Cuscal Paris La Defense.
Shares of Publicis Groupe (EU:PUB) rose 1% after the group reaffirmed its full-year outlook, following first-quarter net revenue organic growth of 4.5%.
Swiss technology firm Comet Holding (TG:EZP1) surged 9% after reporting strong order intake in its first-quarter results.
Imperial Brands (LSE:IMB) slid 7.4% after warning of higher losses in its next-generation products division due to increased investment to build scale and market share.
BP (LSE:BP.) edged down about 0.5% after the energy major said it expects upstream production in the first quarter to remain broadly flat compared with the previous period.
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