European stock markets are expected to open higher on Monday, with France's Cac 40 projected to rise by 0.9% and Germany's Dax by 1.1%, as positive developments in U.S.-Iran talks bolster market confidence. The U.K.'s FTSE 100 is closed for a public holiday.
This upward movement follows a strong performance in Asia, where Japan's Nikkei 225 index reached a record high of over 65,000, driven by reports suggesting the potential reopening of the Strait of Hormuz.
President Donald Trump indicated that negotiations with Iran are progressing well, stating that he has instructed his representatives to take their time, which has led to a more than 5% drop in oil prices.
This decline in oil prices alleviates some pressure on investors and supports the positive momentum in European markets, which are on track for their fifth consecutive day of gains following Friday's rally