FX.co ★ European Markets Set to Open Lower

European equity markets were poised to open lower on Tuesday, undoing the gains from the previous session due to renewed concerns about US-China relations. This follows China's announcement of restrictions on five US units of Hanwha Ocean in response to Washington's investigations into Chinese maritime, logistics, and shipbuilding sectors. However, US Treasury Secretary Scott Bessent noted on Monday that President Donald Trump is still expected to meet Chinese President Xi Jinping in South Korea later this month, aiming to alleviate tensions. In Europe, investors will be evaluating significant economic data releases, including German inflation figures, UK unemployment rates, and overall economic sentiment within the Eurozone. On the corporate front, earnings reports from Ericsson and Givaudan are anticipated. In premarket trading, Euro Stoxx 50 and Stoxx 600 futures declined by approximately 0.5%.