FX.co ★ European Markets Set for Positive Open

European stock markets were set to open higher on Tuesday, continuing their climb to new record levels. This upward trend was supported by reduced trade tensions between the US and China, along with strong corporate earnings that boosted global investor confidence. On the previous day, regional indexes experienced gains, particularly driven by defense companies such as Thyssenkrupp, Hensoldt, and Rheinmetall. The focus now shifts to the earnings announcements from prominent European companies, including L’Oreal, UniCredit, and Assa Abloy, as no significant economic data releases are expected. In premarket trading, both Euro Stoxx 50 and Stoxx 600 futures showed a modest increase of approximately 0.1%.