European Equities Rise in Tuesday Trading; Uber Reportedly in Advanced Talks to Take Over Delivery Hero
European stock markets closed slightly higher in Tuesday trading, with the Stoxx 600 increasing 0.1%, Germany's DAX advancing 0.3%, the UK's FTSE 100 adding 0.2%, and France's CAC 0.1% higher. Traders monitored the rise of tensions in the Middle East. US Central Command completed another series of attacks against Iran on Monday night, its third consecutive wave, aiming to "continue imposing a heavy cost on Iranian forces and degrade their ability to attack innocent civilians and commercial shipping in the Strait of Hormuz," the command said in a post on X. Meanwhile, President Donald Trump said the US is reinstating the blockade on Iranian vessels. Brent Crude prices were rising 1% to $84.16. In economic news, the UK's main problem is economic growth, Bank of England Governor Andrew Bailey testified to the Treasury Select Committee of the Parliament. The renewed Persian Gulf hostilities could exacerbate inflation and financial instabilities, Bailey said. Separately, the UK government will tax electric vehicle owners for miles driven abroad under its planned pay-per-mile road charging system, arguing the approach is simpler and avoids the need to track drivers' locations,.
European stock markets closed slightly higher in Tuesday trading, with the Stoxx 600 increasing 0.1%, Germany's DAX advancing 0.3%, the UK's FTSE 100 adding 0.2%, and France's CAC 0.1% higher.
Traders monitored the rise of tensions in the Middle East.
US Central Command completed another series of attacks against Iran on Monday night, its third consecutive wave, aiming to "continue imposing a heavy cost on Iranian forces and degrade their ability to attack innocent civilians and commercial shipping in the Strait of Hormuz," the command said in a post on X.
Meanwhile, President Donald Trump said the US is reinstating the blockade on Iranian vessels.
Brent Crude prices were rising 1% to $84.16.
In economic news, the UK's main problem is economic growth, Bank of England Governor Andrew Bailey testified to the Treasury Select Committee of the Parliament.
The renewed Persian Gulf hostilities could exacerbate inflation and financial instabilities, Bailey said.
Separately, the UK government will tax electric vehicle owners for miles driven abroad under its planned pay-per-mile road charging system, arguing the approach is simpler and avoids the need to track drivers' locations,.