European Stocks Set for Positive Open

European equity markets were set for a positive open on Tuesday even as rising oil prices continue to fuel inflation and rate hike concerns. Global bond yields also remained at multi-year highs, with the benchmark Euro Area 10-year yield holding at 3.64%, its highest level since 2009. Meanwhile, investors will assess Spanish inflation and retail sales, Italian PPI, and Eurozone economic sentiment data. In corporate developments, Julius Baer Group said Finma has closed its regulatory enforcement case against the bank, which has also sought approval for a new share buyback program. Separately, Chocoladefabriken Lindt & Spruengli lowered its sales-growth outlook for the second time this year, pointing to softer demand across key markets and weaker consumer confidence. In premarket trading, Euro Stoxx 50 and Stoxx 600 futures were both up around 0.2%.