LIVE MARKETS-STOXX heading for positive week

By Reuters News

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STOXX HEADING FOR POSITIVE WEEK

Major European stock indexes are higher on Friday as oil prices retreat on hopes for progress between the U.S. and Iran to end the war in the Middle East.

Negotiators are exploring a phased path out of the war that would involve reopening the Strait of Hormuz, sources close to the talks told Reuters.

Crude prices slipped, helping European shares on Friday.

The STOXX 600 .STOXX is up 0.6% and heading for a 0.8% weekly gain, its first positive week in four.

Breadth is positive, with rising stocks outnumbering declining stocks by about 2.5 to 1.

Major bourses in Frankfurt .GDAXI, Paris .FCHI and London .FTSE are up 0.3% to 0.6%.

The energy sector .SXEP lags as oil prices have slipped. Bank .SX7P and miners .SXPP are the top gainers.

HelloFresh HFGG.DE is the biggest faller after the meal-kit delivery company cut its full-year outlook.

Here's your opening snapshot:

(Samuel Indyk)

EARLIER ON LIVE MARKETS:

EUROPE BEFORE THE BELL: FUTURES HIGHER, OIL EBBS CLICK HERE

WHEN TREASURIES CATCH KOREA'S VOLATILITY BUG, TAKE COVER CLICK HERE

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