European shares muted as investors weigh U.S.-Iran talks (opens original article in a new tab)

European shares were flat at the open as investors assessed U.S.-Iran talks on resuming shipping through the Strait of Hormuz, with Brent Crude declining and tech stocks rising.

• European shares opened flat as investors evaluated U.S.-Iran talks on resuming shipping through the Strait of Hormuz.
• Brent Crude fell 1.6% to below $80 per barrel after Qatar and Pakistan reported progress in U.S.-Iran negotiations.
• Tech stocks rose 1.2% with Infineon and Aixtron gaining 4.5% and 2.3% respectively.
• easyJet shares increased 2.3% following a £4.74 billion offer from Castlelake, while Danone shares declined 0.4% after acquiring MADE Group.