Global Market: European shares rise as oil slumps on US-Iran de-escalation; tech earnings in focus

European STOXX 600 rose 0.8% to 649.34 after Iran signalled it would halt attacks if the US refrains from further military action, easing geopolitical tensions. Brent crude fell around 6% to trade near $90 a barrel, pushing travel and leisure stocks up 2.4% while energy stocks declined 2%. Investors are also watching upcoming quarterly results from Microsoft, Meta, Amazon and Apple for cues on AI-driven momentum in global equities.