India, July 27 -- European stocks moved higher on Monday with several markets hitting multi-month or multi-week highs, as easing U.S.-Iran tensions, weak oil prices and some encouraging corporate earnings updates lifted sentiment.
Oil prices fell sharply after the warring nations Iran and the U.S. pausing military strikes over the weekend, paving the way for talks to avoid a return to full-scale war.
After the U.S. paused its strikes against Iran for a second night, Iran stopped conducting counterattacks. According to reports, Pakistan is exploring a path toward new U.S.-Iran talks over ending the conflict.
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