European shares inch higher as oil prices ease; earnings in focus
VGK•Earnings and sector moves
Earnings from major technology companies such as Alphabet GOOGL.O in the U.S. will be on watch this week for clues on the sustainability of AI-related demand and whether their lofty valuations can be justified.
Technology stocks .SX8P rose 1.4%, led by ASMI ASMI.AS and ASML ASML.AS, which gained 2.5% and 3%, respectively.
Miners .SXPP climbed 1.4% tracking an uptick in copper and gold prices. MET/L GOL/
However, investor focus turned to quarterly earnings in the region to gauge the impact from the conflict on corporates.
Julius Baer BAER.S shares dipped 2% despite the Swiss bank reporting stronger-than-expected first-half net new money inflows.
European shares rise as oil prices ease
European shares edged higher on Tuesday as reports of U.S.-Iran mediation efforts pushed oil prices lower, while investors assessed a fresh batch of corporate earnings.
The pan-European STOXX 600 index .STOXX rose 0.3% to 641.39 points by 0704 GMT.
Oil prices eased from one-month highs after reports of diplomatic efforts between the United States and Iran, though concerns over energy supply disruption cushioned losses. Yemen's Iran-aligned Houthis announced a blockade of Saudi Arabia on Monday.
