Reported by Singular BankThe main European indices closed higher, buoyed by diplomatic progress between the United States and Iran and the fall in oil prices. The fall in oil prices dampened inflation expectations and simultaneously boosted both the stock markets and sovereign debt. The main catalyst of the day was progress in negotiations between the United States and Iran to ease tensions in the Strait of Hormuz. The news triggered a sharp fall in oil prices, tempered inflation expectations and simultaneously boosted equities and sovereign debt. The market reaction boosted the technology sector as a whole and contributed to the Nasdaq’s rise.