European stocks expected to open higher as U.S.-Iran talks continue

European stocks are set to open higher on Monday as hopes for a deal between the U.S. and Iran rose over the weekend. France's Cac 40 is on course to add 0.9%, according to futures data from IG. Germany's Dax is on track to rise 1.1%. The U.K's FTSE 100 is closed for a public holiday. Stocks in Europe are tracking their Asian counterparts higher after Japan's Nikkei 225 breached 65,000 on Monday for the first time. Japan's headline index hit a record high in holiday-thinned Asia trading after reports that the crucial Strait of Hormuz may reopen soon drove oil prices down and boosted investor sentiment. President Donald Trump said in a Truth Social post that negotiations with Iran were "proceeding in an orderly and constructive manner," adding that he had told his representatives "not to rush into a deal in that time is on [their] side." Oil prices fell more than 5% after Trump's comments, easing pressure on investors. European stocks look set to notch their fifth consecutive day of gains, extending Friday's rally. — CNBC's Justina Lee also contributed to this report.