European stocks opened higher on Monday, amid growing hopes for a deal between the United States and Iran.
The European Stoxx 600 index rose 0.6% to 629.00 points, the French CAC index climbed 1.05% to 8199.38 points, and the German DAX index rose 1.1% to 25168.28 points. The British FTSE 100 index is closed for a public holiday.
These anticipated gains in Europe come after a surge in Asian markets, where Japan’s Nikkei 225 index broke through the 65,000-point level for the first time during Monday’s trading, in thin trading due to the holidays.
The Japanese index hit a new record high, driven by reports that the Strait of Hormuz might reopen soon, which led to a decline in oil prices and boosted investors' appetite for risk.
US President Donald Trump said in a post on Truth Social that negotiations with Iran are proceeding in an organized and constructive manner, adding that he had asked his representatives not to rush into an agreement because time is on their side.
Oil prices fell by more than 5% following Trump's remarks, which helped to ease pressure on investors.
European stocks are on track for their fifth consecutive session of gains, extending Friday's rally.
