(RTTNews) - European stocks advanced on Monday as falling oil prices eased inflation concerns and German Chancellor Friedrich Merz vowed to press ahead with reforms after suffering a bruising electoral setback in two state elections. Brent crude prices fell below $102 a barrel as investors hoped for diplomatic progress on the Iran war at this week's UN meeting. The pan-European STOXX 600 jumped 0.9 percent to 640.96 after falling 1.1 percent on Friday. The German DAX surged about 1 percent, France's CAC 40 gained 0.8 percent and the U.K.'s FTSE 100 was up 0.7 percent. French lender Societe Generale rallied 3 percent after raising its profitability target for 2029.
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