Global stocks rise and oil price slips amid hopes of US-Iran peace deal - business live

Rolling coverage of the latest economic and financial newsItaly’s economy grew more than first estimated at the start of the year, according to its national statistics office.Italian GDP rose 0.3% in the first three months of the year, instead of an initial estimate of 0.2%.The detail shows that the pick-up in growth was led by households’ demand, with growth in households’ consumption picking up to 0.5% quarter-to-quarter, from 0.1% in Q4 last year.Otherwise on the domestic front, government sp... Optimism for a resolution to the conflict and the reopening of the Strait of Hormuz was checked after the United States said it had carried out strikes on missile launch sites in Iran.