European shares rose as falling oil prices offered relief ahead of a possible US-Iran agreement, putting the STOXX 600 on course for its first weekly gain after three consecutive losses. Airlines benefited from cheaper fuel, energy stocks fell, and basic-resource shares advanced. The rally remained cautious because euro-zone government-bond yields were heading for a seventh weekly rise. Analysts warned that additional European Central Bank tightening could damage an already-weak euro-area economy.
Source: https://uk.marketscreener.com/news/european-stocks-on-track-for-weekly-gain-as-oil-eases-mideast-risks-linger-ce785adfdd8ffe21
