Investing.com -- British stocks jumped on Monday as miners rose with metals prices and oil slipped on hopes of a U.S.-Iran deal.
The FTSE 100 was up 0.40%, as of 03:24 ET (08:24 GMT). Germany's DAX rose 0.53% and France's CAC 40 advanced 0.27%. Sterling rose 0.44% to $1.3411.
Miners led the index, with Endeavour Mining the top gainer, jumping 3.3%, followed by Fresnillo, Antofagasta, Anglo American, Glencore and Rio Tinto, tracking firmer gold, silver and COMEX copper prices.
Silver December futures rose 0.69% to $52.295 an ounce, with spot silver up 0.69% at $52.3095. Platinum January futures gained 0.28% to $1,541 an ounce.
Gold December futures rose 0.60% to $4,099.60 an ounce and spot gold gained 0.51% to $4,091.37
On the London Metal Exchange, aluminium rose 0.45% to 3,079.55, while copper gained 0.47% to 13,823.25.
Brent January futures fell nearly 2% to $96.39 a barrel and WTI December futures lost 1.4% to $89.51.
Iran said on Monday its two-day proposal to fully reopen the Strait of Hormuz remained "the most logical, operational, and structured roadmap," Foreign Ministry spokesman Esmaeil Baghaei told reporters.
He said US and Israeli attacks had hindered IAEA safeguards, though a recent Bushehr inspection showed cooperation continued. He called Washington's "Iron Gate" taskforce against Iranian land trade a diversion from the midterm results.
Trump has said renewed strikes on Iran were "highly unlikely" if talks on Tehran's nuclear programme and Hormuz progressed, and that he expects to meet Xi Jinping and Vladimir Putin at next week's APEC summit.
Secretary of State Marco Rubio, however, said there was no progress, citing "unacceptable" Iranian demands. Iranian media said US forces fired projectiles at Qeshm Island on Sunday night, while a provincial official said infrastructure was undamaged. A suspected drone attack halted output at Dana Gas's Khor Mor field in northern Iraq.
Nvidia fell 4.9% to $177.44 in after hours trading, after its board launched an independent probe into whether CEO Jensen Huang was targeted by a foreign intelligence operation. Nvidia said it saw no sign national security or company secrets were compromised.
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