FX.co ★ European Stocks Set to Open Higher

European equity markets were anticipated to open higher on Tuesday, coming off a muted session, as investors closely monitored geopolitical developments. Following a conversation on Monday with Russian President Putin, US President Trump announced that Russia and Ukraine were set to commence immediate ceasefire negotiations. However, the Kremlin warned that the process could be protracted, and Trump expressed reluctance to align with Europe on imposing further sanctions against Moscow. Meanwhile, investors are also focused on impending corporate earnings reports, with British companies Vodafone and Greggs, alongside Swiss Life and Sweden’s Lagercrantz, expected to release their first-quarter results. On the economic data front, German producer prices experienced a year-on-year decline of 0.9% in April, a sharper decrease than the anticipated 0.6%, marking the second consecutive drop. In premarket activity, futures for both the Euro Stoxx 50 and Stoxx 600 indices climbed by 0.4%.