Stocks in London prospered on Monday as oil prices fell amid hopes for progress on peace talks between the US and Iran , and technology stocks rallied after recent falls.

The FTSE 100 Index closed up 31.55 points, 0.3%, at 10,761.33.

The FTSE 250 ended 342.49 points higher, 1.4%, at 24,795.85, and the AIM all-share added 4.84 points, 0.6%, at 757.92.

In Europe, the CAC 40 in Paris ended up 1.0%, while Frankfurt’s DAX 40 advanced 0.6%.

Around the time of the London equities close on Monday, stocks in New York were higher.

The Dow Jones Industrial Average was up 1.0%, the S&P 500 was 0.6% higher and the Nasdaq Composite rose 0.7%.

New York’s tech rally came after heavy falls last week as investors started to fret about whether the massive investment in AI infrastructure will ever deliver an acceptable return.

“Investors are no longer in doubt that growth is coming, but they are starting to question whether they have paid too much for it,” said Tom Stevenson, investment director at Fidelity…