European shares traded largely flat near record highs as investors weighed stalled US-Iran negotiations, elevated oil prices and upcoming Eurozone economic data. The STOXX 600 remained supported by resilient corporate earnings expectations, although geopolitical tensions and higher energy costs continued to temper risk appetite.

The STOXX 600 hit a record 656.86 as European markets defied stagflation warnings tied to the Iran war, driven by falling oil prices and strong

European shares edged higher as energy stocks gained on elevated oil prices amid Middle East tensions. Investors remained cautious ahead of key euro zone and U.S. economic data…