An Iranian port blockade has taken effect, but investors remain hopeful that US-Iran peace negotiations can be restored, supporting European equities to close higher on Tuesday. The pan-European STOXX 600 index rose 1%.On the corporate front, luxury retailer LVMH reported disappointing quarterly results, with its share price little changed at the close. Novo Nordisk announced a partnership with OpenAI, sending its shares more than 3% higher at the close.The UK's FTSE 100 index closed up 26 points, or 0.3%, at 10,609. Germany's DAX index rose 301 points, or 1.3%, to 24,044. France's CAC 40 index gained 91 points, or 1.1%, to 8,327.(me/t)
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