FX.co ★ European Markets Set for Higher Open

European stocks appeared set for an upward trend on Tuesday, bolstered by a more positive global trade forecast following the extension of the US-China trade truce by an additional 90 days. This extension provides negotiators with extra time to finalize an agreement, thus helping to stabilize trade relations between the two largest global economies. On a regional level, investors are turning their attention to the latest labor market statistics from the UK and the economic sentiment survey from Germany. Notably, there are no significant corporate earnings reports expected from Europe today. Ahead of the market opening, futures for the Euro Stoxx 50 rose by 0.3%, while those for the Stoxx 600 increased by 0.2%.