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European stocks up, Brent oil falls on Iran talks

European stocks rise, Brent oil falls as Iran peace talks progress. Markets react to geopolitical developments and AI trends.

Sarah Johnson
BySarah Johnson- Senior Editor
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European stock markets opened higher on Wednesday, Bond.az reports. The rise follows a global equities advance amid U.S.-Iran peace talks hopes and AI enthusiasm.

The Stoxx 600 gained 0.2%, Germany's DAX rose 0.4%, France's CAC 40 added 0.4%, and the UK's FTSE 100 edged up 0.1%.

Traders monitor talks to end the nearly three-month U.S.-Iran war that closed the Strait of Hormuz, boosting prices and darkening the global outlook.

Al Jazeera reports indirect talks continue despite recent skirmishes.

Bank of Japan Governor Ueda warned the energy shock could have persistent effects. ECB board member Schnabel argued a June rate hike is warranted even if peace is reached.

Brent crude fell 2.1% to $97.52 a barrel, below recent $100 peaks but still above pre-war $70 levels.

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