11:53 AM EDT, 05/12/2026 (MT Newswires) -- European stock markets fell in late Tuesday trading as oil prices rose after negotiations between the US and Iran stalled again.

The Stoxx Europe 600 fell 1%, Germany's DAX 40 declined 1.5%, the FTSE 100 eased 0.2%, France's CAC 40 shed 1%, and the Swiss Market Index rose 0.1%.

In Germany, inflation as measured by the consumer price index rose 2.9% in April from a year earlier, according to the Federal Statistical Office (Destatis), marking the highest since January 2024. Prices rose by 0.6% from March.

"The renewed rise in energy prices as a result of the Iran war has increased overall inflation for the second month in a row," Destatis President Ruth Brand said in a statement.

In corporate news, Novo Nordisk said a higher dose of Wegovy helped people with obesity lose "significant amounts" of weight irrespective of how quickly their body responds to the treatment, based on a new sub-analysis from a clinical trial.

Shares of the Danish pharmaceutical company fell 1.2% in Copenhagen.

Vodafone Group reported fiscal Q4 operating profit of 199 million euros ($233.8 million), swinging from a loss of 3.82 billion euros a year earlier.

Shares of the British telecommunications operator fell 8% in London.

Shell plans to divest its gasoline station network in France, according to a Google translation of a Monday report from French newspaper Les Echos.

Shares of Shell were up 1% in London.

AstraZeneca said phase 3 trial results showed that its investigational drug eneboparatide significantly normalized serum calcium and achieved independence from active vitamin D and oral calcium supplements in adults with hypoparathyroidism.

Shares of the British pharmaceutical company rose 1.5% in London.

Nokia introduced new agentic artificial intelligence capabilities for its fixed network product lines to improve operational efficiency for home and broadband networks.

Shares of the Finnish telecommunications company fell 3% in Helsinki.

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