European stocks traded higher on Tuesday, the dollar weakened to hit a six-week low and government bond yields dipped on renewed hopes for progress in Middle East peace talks
Oil prices pulled back below $100 a barrel as the U.S. blockade of Iran's ports officially came into force and reports suggested that the U.S. and Iran are arranging a second round of negotiations to end their conflict.
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Business News
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.