FX.co ★ European Markets Set for Higher Open

European equity markets were set to open on a positive note this Tuesday, as investors continued to assess the impact of the recent US-EU trade agreement. Shares across the region faced downward pressure on Monday, due to concerns that the deal could boost the US economy at the cost of Eurozone growth. French authorities criticized the agreement, which introduces a 15% tariff on EU goods, as disproportionately favoring the US, while German Chancellor Friedrich Merz cautioned about the potential substantial economic repercussions for Germany. Additionally, investors are focusing on an array of upcoming corporate earnings, with key European companies such as Barclays, L’Oréal, AstraZeneca, and Ferrovial poised to release their financial results. In pre-market trading, futures for the Euro Stoxx 50 and Stoxx 600 indices increased by 0.3% and 0.2%, respectively.