European Stocks Head for Higher Open
European equity markets were set for a higher open on Monday as oil prices fell for a fourth consecutive session on hopes for a diplomatic resolution to the Middle East conflict, helping ease inflation concerns. President Donald Trump said he would “probably” be open to meeting Iranian President Masoud Pezeshkian on the sidelines of the United Nations General Assembly this week, where he may also meet with other Persian Gulf leaders. Investors were also monitoring ongoing US-China discussions ahead of a summit between Presidents Donald Trump and Xi Jinping later this week. In Europe, Germany is facing a serious political crisis, with embattled Chancellor Friedrich Merz vowing to remain in office and push forward with potentially difficult reforms in Europe’s largest economy. Meanwhile, no major economic data or corporate earnings releases are scheduled in Europe on Monday. In premarket trading, Euro Stoxx 50 and Stoxx 600 futures gained 0.7% and 0.5%, respectively.
European equity markets were set for a higher open on Monday as oil prices fell for a fourth consecutive session on hopes for a diplomatic resolution to the Middle East conflict, helping ease inflation concerns. President Donald Trump said he would “probably” be open to meeting Iranian President Masoud Pezeshkian on the sidelines of the United Nations General Assembly this week, where he may also meet with other Persian Gulf leaders. Investors were also monitoring ongoing US-China discussions ahead of a summit between Presidents Donald Trump and Xi Jinping later this week.
In Europe, Germany is facing a serious political crisis, with embattled Chancellor Friedrich Merz vowing to remain in office and push forward with potentially difficult reforms in Europe’s largest economy. Meanwhile, no major economic data or corporate earnings releases are scheduled in Europe on Monday. 5%, respectively.