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Europe Markets: European stocks hold near 3-month high, but energy shares drop

Shares of European oil companies finished lower Tuesday as traders waited for U.S. President Donald Trump’s final decision on the Iran nuclear deal, but a gauge of the broader equity market pulled out a modest win.

Aiding that broader gain was Shire PLC, whose shares rallied as traders welcomed a $62 billion takeover deal from Takeda Pharmaceutical Co.

How markets performed

The Stoxx Europe 600 index SXXP, +0.13% rose 0.1% to 390.00, the highest level since Feb. 1, according to FactSet data. The oil and gas sector fell by the most, while the consumer services group fared the best.

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