(RTTNews) - European stocks were broadly higher on Wednesday as Brent crude prices fell below $100 a barrel amid easing concerns over global oil supplies and flash PMI data showed France's private sector activity expanded in September at the fastest rate in over two years. Investors were reacting to reports suggesting that Iran is ready to reopen the Strait of Hormuz within seven days if the United States eases military pressure and lifts its blockade on Iranian ports. Additionally, it was said that Saudi Arabia has restarted its East-West oil pipeline and is preparing to resume Red Sea oil exports from Yanbu. The pan-European STOXX 600 was marginally higher at 643.25 after closing 0.1 percent higher on Tuesday. The German DAX slipped 0.
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