(Corrects paragraph 1 to say Wednesday, not Tuesday)
May 6 (Reuters) – European shares rose on Wednesday, with oil prices dropping and investor optimism rising after U.S. President Donald Trump cited “great progress” toward a comprehensive peace agreement with Iran.Â
The pan-European STOXX 600 advanced 1% to 615.62 points, as of 0703 GMT, marking a second day of gains. Major regional bourses were also higher, with London’s FTSE 100 and Spain’s IBEX 35 both up over 1% each.Â
Energy-dependent Europe has lagged major global markets that have hit record highs driven by artificial intelligence-led optimism.Â
Novo Nordisk gained almost 7% after the Wegovy-maker reported first-quarter revenue and adjusted operating profit above expectations, slightly raising its full-year outlook. Â
Norwegian energy group Equinor fell 5% and German carmaker BMW’s shares added 4.6% after posting their quarterly results.Â
(Reporting by Twesha Dikshit)
