European stocks traded higher on Tuesday after reports emerged that the Trump administration is willing to end U.S. military operations against Iran even if the Strait of Hormuz remains largely closed.
The British pound was flat after data showed Britain's economy barely expanded in the fourth quarter, as initially estimated.
Gross domestic product grew 0.1 percent from the prior quarter, which was unrevised from the previous estimate, according to final data from the Office for National Statistics. That followed similar growth in the third quarter.
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Market Analysis
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.