FX.co ★ European Markets Poised for Modest Gains

European equity markets were poised for a modest uptick at the opening on Wednesday, buoyed by optimism regarding the US-facilitated ceasefire between Iran and Israel. However, concerns linger about the ceasefire's sustainability over the long term. Investor sentiment remains cautious following a US intelligence report indicating that the recent missile strikes have only caused partial damage to Iran’s nuclear facilities, merely postponing its advancement by a few months. In Europe, the spotlight turns to the conclusion of the NATO summit in the Netherlands, where geopolitical issues remain a significant focus. On the economic landscape, traders are keenly awaiting the release of French consumer confidence data and Spain's latest GDP figures for further guidance. In premarket trading, futures for the Euro Stoxx 50 and Stoxx 600 showed an increase of approximately 0.2%.