By admin 
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.
Read more Israeli airstrike kills family of six in Gaza, medics say
The pan-European STOXX 600 index 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. [O/R]
Earnings from major technology companies such as Alphabet 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 rose 1.4%, led by ASMI and ASML, which gained 2.5% and 3%, respectively.
Read more Japan bond jitters overshadow Takaichi’s first economic policy roadmap
Miners 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 shares dipped 2% despite the Swiss bank reporting stronger-than-expected first-half net new money inflows.
(Reporting by Tharuniyaa Lakshmi and Purvi Agarwal in Bengaluru; Editing by Nivedita Bhattacharjee)
Read more On the day Andy Burnham becomes UK PM, a northern city loses trains to London
Copyright Reuters or USA Today Network via Reuters Connect.