European Stocks Set for a Higher Open
European equity markets were poised to open higher on Friday as easing bond yields and lower oil prices improved risk sentiment. Oil prices fell after President Donald Trump said the US was engaged in “productive discussions” with Iran and would refrain from attacking the country before the midterm elections. Meanwhile, global bond yields declined following strong demand at a US 30-year bond auction, indicating that investors remained willing to purchase long-dated government debt despite the recent selloff. Sentiment also improved after reports indicated that OpenAI expected annualized revenue to reach or exceed $70 billion by year-end, easing concerns sparked by earlier reports that revenue was $20 billion below previously indicated levels. Meanwhile, no major economic data releases or corporate earnings reports are scheduled in Europe on Friday. In premarket trading, Euro Stoxx 50 and Stoxx 600 futures both advanced around 0.7%.
European equity markets were poised to open higher on Friday as easing bond yields and lower oil prices improved risk sentiment. Oil prices fell after President Donald Trump said the US was engaged in “productive discussions” with Iran and would refrain from attacking the country before the midterm elections. Meanwhile, global bond yields declined following strong demand at a US 30-year bond auction, indicating that investors remained willing to purchase long-dated government debt despite the recent selloff.
Sentiment also improved after reports indicated that OpenAI expected annualized revenue to reach or exceed $70 billion by year-end, easing concerns sparked by earlier reports that revenue was $20 billion below previously indicated levels. Meanwhile, no major economic data releases or corporate earnings reports are scheduled in Europe on Friday. 7%.