FX.co ★ European Markets Head Higher on US-China Deal

European stock markets are set to open on a positive note on Monday, spurred by a significant easing of US-China trade tensions after high-level discussions held over the weekend in Switzerland. American officials reported reaching an agreement aimed at narrowing the trade deficit, while Chinese delegates emphasized an “important consensus” had been achieved between the two nations. A joint statement providing further details is anticipated later today. On the European front, no major economic data is expected for release on Monday. However, Italian banking heavyweight UniCredit is scheduled to report its earnings. In premarket movements, Euro Stoxx 50 futures have climbed 1%, and Stoxx 600 futures have increased by 0.8%, indicating a widespread sense of optimism across the European region.