Shares in the utilities sector posted modest gains as U.S. economic indicators suggested the Fed may not need to be as hawkish as priced in by the market.

Stocks in the utilities sector edged higher as oil prices kept cooling while negotiations continued to normalize shipping through the Strait of Hormuz.

Shares in the utilities sector posted modest gains as U.S. economic indicators suggested the Fed may not need to be as hawkish as priced in by the market.