FX.co ★ European Stocks Set for Higher Open

European equity markets were poised for a slightly higher open on Thursday, as oil prices eased after President Donald Trump signaled that any renewed attacks on Iran would likely be short-lived, tempering inflation worries. Global bond yields also retreated from recent highs, with the latest bond selloff showing signs of abating and thereby reducing pressure on equities. In Europe, investors will focus on Eurozone producer price index (PPI) data, Turkish inflation figures, and final services and composite PMI readings from across the region. On the corporate front, activist investor Elliott Investment Management has taken a significant stake in Deutsche Telekom AG and has argued that the German telecoms group should abandon a potential merger with its US subsidiary, T-Mobile US Inc. In premarket trading, futures on both the Euro Stoxx 50 and the Stoxx 600 were up roughly 0.1%.