Shares of power producers rose as traders rotated into defensive sectors due to concerns about the Iran war.

President Donald Trump has alternated between military threats and indications that a lasting peace deal is imminent.

The German government said it plans to cut its stake in the utility Uniper to a minority position, four years after being forced to bail the company out in the wake of the energy crisis sparked by Russia's full-scale invasion of Ukraine.

Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires