Global Market: European shares edge lower as earnings, M&A activity offset by Middle East tensions

European shares edged lower with the pan-European STOXX 600 slipping 0.1% to 641.95, as investor caution over renewed US-Iran military tensions and Brent crude near $85 a barrel offset strong earnings and M&A activity. Technology stocks were supported by AI demand optimism, with TSMC posting a 77% jump in Q2 profit and Publicis gaining 1.4% on robust AI-driven marketing revenue. ABB declined 1% after announcing a $5.5 billion acquisition of UK-based Rotork, whose shares surged 66%, while Delivery Hero slipped 1% on Uber's about $14.8 billion takeover offer.