FX.co ★ European Markets Poised for Quiet Open

European equity markets were poised for a relatively stable opening on Monday, as investors awaited clearer indications regarding global trade developments. U.S. President Donald Trump indicated that he has no immediate plans for discussions with his Chinese counterpart this week, although he suggested he may consider reducing tariffs on Chinese imports to reinvigorate trade momentum. With no significant economic data or corporate earnings anticipated in Europe today, the market's attention is turning towards the Bank of England’s policy announcement later this week. The central bank is anticipated to cut interest rates by 25 basis points, addressing growing concerns about a weakening global economic landscape. In premarket activity, futures for the Euro Stoxx 50 and Stoxx 600 remained largely unchanged, exhibiting a cautious mood across the markets.