European Shares Edge Higher As Inflation Concerns Ease

European stocks traded near record highs on Tuesday as falling oil prices on hopes for a resolution to the Middle East conflict helped ease inflation concerns.

Brent crude futures fell more than 2 percent toward $90 a barrel after U.S. President Trump said there is positive momentum toward ending the Iran conflict.

In economic releases, investors await the release of the U.S. consumer price index (CPI) report later in the day for further cues on inflation and the Federal Reserve’s interest-rate outlook.