FX.co ★ European Markets Head Higher on Trade Optimism

European equity markets appeared poised for a positive opening on Friday, buoyed by an uplift in global sentiment following the announcement of a preliminary US-UK trade agreement. This deal, unveiled by US President Donald Trump, represents the first significant accord since Washington introduced broad tariffs in April. Trump further indicated the potential for additional trade agreements, alongside a possible reduction in tariffs on China, contingent upon the outcome of high-level discussions in Switzerland scheduled for this weekend. Investors' attention will also be directed towards key regional developments, including Italian industrial production figures and a new batch of corporate earnings. Noteworthy reports anticipated from Commerzbank, Cellnex, and Poste Italiane are among these earnings. In premarket trading, futures for both the Euro Stoxx 50 and Stoxx 600 rose by approximately 0.3%, suggesting an optimistic start to the trading session.