European equity markets were poised for a higher open on Tuesday as risk appetite improved, following reports that President Donald Trump is prepared to halt the US military campaign against Iran even without a full reopening of the Strait of Hormuz. At the same time, Iran reportedly struck a Kuwaiti oil tanker near a Dubai port, highlighting the elevated risks to shipping in the Persian Gulf.
In Europe, investors will focus on a series of key economic indicators, including German retail sales and unemployment data, the UK’s latest GDP figures, and inflation readings from the Eurozone, France, and Italy. No major corporate earnings releases are expected on Tuesday. In premarket trading, futures on the Euro Stoxx 50 and Stoxx 600 were up 0.5% and 0.2%, respectively.
