(Il Sole 24 Ore Radiocor) - Milano, 6 mag - European share prices opened higher, as easing tensions in the Middle East and a strong corporate earnings season supported sentiment.

Investor confidence was supported by hopes of a resolution to the conflict between the US and Iran. Overnight, US president Donald Trump stated that "great strides have been made toward a full and definitive agreement with Iranian representatives." He also announced the suspension of "Project Freedom," the American military escort initiative for ships navigating the Strait of Hormuz.

Investor sentiment was also supported by strong gains on Wall Street, where the Nasdaq and S&P 500 touched new highs overnight, fueled by a series of solid quarterly results and positive momentum from Asian markets.

Meanwhile, the corporate earnings season in Europe continues at full pace.

At 0706 GMT, London's FTSE 100 was up 1.07% at 10,328.70 points, while in Frankfurt the DAX was 1.06% higher at 24,650.00 points and in Paris the CAC 40 rose 0.92% to 8,136.15 points. Milan's FTSE MIB climbed 1.11% to 49,095.50 points while in Madrid the IBEX 35 was 1.10% higher at.

17,861.50 points.

(RADIOCOR) 06-05-26 09:08:39 (0219) 5 NNNN