(Il Sole 24 Ore Radiocor) - Milano, 29 mag - European shares closed mostly lower supported by cautious optimism over diplomatic progress in the Middle East.

US president Donald Trump confirmed that he is meeting in the Situation Room 'to make a final determination' for him to approve a deal to end the war in the Middle East but said Iran 'must agree' to never have a nuclear weapon, and that the Strait of Hormuz must be 'immediately open' to unrestricted shipping traffic.

On the data front, investors analyzed a busy economic calendar.

In Germany, import prices rose 1.2% in April (up 5.3% year on year) and export prices increased 0.8% (up 2.9% year on year), while the seasonally adjusted unemployment rate for May fell to 6.3% from 6.4% in April.

In Italy, the unemployment rate declined to 5.1% in April, down 0.1 percentage points from March, while preliminary May CPI data showed consumer prices rising 0.4% month on month and 3.2% year on year.

Meanwhile, France's preliminary May CPI rose 0.1% month on month and 2.4% year on year, with harmonised consumer prices up 2.8% annually. Additionally, French first quarter GDP contracted by 0.1% quarter on quarter.

The London FTSE 100 closed down 0.09% at 10,416.07 points, the Frankfurt DAX lost 0.09% at 25,078.89 points, the Paris CAC 40 shed 0.07% at 8,183.34 points, while in Milan the FTSE MIB rose 0.42% at 50,036.75 points, and in Madrid the IBEX 35.

closed 0.37% higher at 18,366.97 points.

(RADIOCOR) 29-05-26 18:08:10 (0604) 5 NNNN