European Stocks Set for a Higher Open
European equity markets were poised to open higher on Monday as falling oil prices lifted sentiment after President Donald Trump said Moscow had agreed to release diesel supplies to global markets and claimed that Russia and Ukraine had reached an “energy ceasefire” effective immediately. However, escalating tensions in the Middle East continued to weigh on investor confidence, as a deadly attack on Riyadh’s airport prompted Trump to consider joining Saudi Arabia in retaliatory action against Houthi militants in Yemen. Meanwhile, the European economic calendar is relatively quiet, with no major data releases scheduled, while French luxury goods group LVMH is set to report earnings. Investors are also looking ahead to Wednesday’s results from Dutch semiconductor equipment maker ASML Holdings for fresh insights into demand related to artificial intelligence. In premarket trading, Euro Stoxx 50 and Stoxx 600 futures were both up around 0.3%.
European equity markets were poised to open higher on Monday as falling oil prices lifted sentiment after President Donald Trump said Moscow had agreed to release diesel supplies to global markets and claimed that Russia and Ukraine had reached an “energy ceasefire” effective immediately. However, escalating tensions in the Middle East continued to weigh on investor confidence, as a deadly attack on Riyadh’s airport prompted Trump to consider joining Saudi Arabia in retaliatory action against Houthi militants in Yemen.
Meanwhile, the European economic calendar is relatively quiet, with no major data releases scheduled, while French luxury goods group LVMH is set to report earnings. Investors are also looking ahead to Wednesday’s results from Dutch semiconductor equipment maker ASML Holdings for fresh insights into demand related to artificial intelligence. 3%.