London: European stock indices opened higher on Monday following the conclusion of an agreement on a memorandum of understanding between the United States and Iran, which led to oil prices falling to their lowest level since March and contributed to lower interest rates.

According to Qatar News Agency, among the major markets, the French stock index, CAC 40, rose by 1.84%, while the British FTSE 100 in London gained 0.80%. Meanwhile, Germany's DAX in Frankfurt went up by 1.74%.

The agreement between the United States and Iran has had a significant impact on the financial markets, particularly in Europe, as the decrease in oil prices has eased inflationary pressures. The lower interest rates have also encouraged investors to explore opportunities in the stock markets, resulting in a positive opening for the European indices.

The rise in the stock indices reflects a renewed optimism among investors, who are hopeful that the geopolitical tensions in the Middle East may ease, leading to further stability in the oil market. The market response also indicates a positive outlook for the economic recovery post-COVID-19, as lower oil prices are expected to reduce costs for businesses and consumers alike.