European Stocks Head for Higher Open
European equity markets were poised to open higher on Monday as the recent global stock selloff, driven by concerns over the artificial intelligence sector, showed signs of easing. Investor sentiment also improved following a decline in oil prices, amid reports that President Donald Trump intends to give diplomatic efforts more time before deciding whether to resume military strikes against Iran after Tuesday’s midterm elections. On the economic front, investors will focus on German retail sales and final Manufacturing PMI readings across the Eurozone, Germany, France, Italy, and Spain. Meanwhile, no major European corporate earnings releases are scheduled for Monday, although attention is turning toward upcoming results from major US technology companies, including Apple and Palantir. In premarket trading, Euro Stoxx 50 futures gained 0.2%, while Stoxx 600 futures advanced 0.1%.
European equity markets were poised to open higher on Monday as the recent global stock selloff, driven by concerns over the artificial intelligence sector, showed signs of easing. Investor sentiment also improved following a decline in oil prices, amid reports that President Donald Trump intends to give diplomatic efforts more time before deciding whether to resume military strikes against Iran after Tuesday’s midterm elections. On the economic front, investors will focus on German retail sales and final Manufacturing PMI readings across the Eurozone, Germany, France, Italy, and Spain.
Meanwhile, no major European corporate earnings releases are scheduled for Monday, although attention is turning toward upcoming results from major US technology companies, including Apple and Palantir. In premarket trading, Euro Stoxx 50 futures gained 0.2%, while Stoxx 600 futures advanced 0.1%.