French stocks climbed higher on Tuesday amid hopes the U.S. and Iran will make some positive moves in a fresh round of discussions to end their ongoing conflict. A drop in oil prices contributed as well to market's upside.
Brent crude futures fell to $96.50 a barrel earlier in the day, and despite recovering to $98.75, still remained below previous closing level.
U.S. President Donald Trump said on Monday that the U.S. has been called by the other side and he is still willing to engage with Tehran, helping ease concerns about further disruptions to energy supplies.
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Market Analysis
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.