European stocks seen slightly higher as oil retreats
European equity futures pointed to a slightly higher open after oil prices fell following Trump’s view that renewed Iran attacks would likely be short-lived. Bond yields eased; investors watch Eurozone PPI, Turkey inflation and PMI releases.
European equity markets were set to open slightly higher on Thursday as oil prices retreated after President Donald Trump said renewed attacks on Iran would likely be short-lived, easing inflation concerns.
Global bond yields also pulled back from highs as the recent bond selloff showed signs of easing, reducing pressure on equities.
In Europe, investors will assess Eurozone PPI and Turkish inflation figures, along with final services and composite PMI reports from across the region.
In corporate news, activist firm Elliott Investment Management built a sizable stake in Deutsche Telekom AG and indicated that the German telecommunications giant should abandon a potential merger with its US arm, T-Mobile US Inc.
In premarket trade, Euro Stoxx 50 and Stoxx 600 futures were both up around 0.1%.