FX.co ★ European Stocks Head Higher on US-Iran Deal Hopes

European equities were poised to open higher on Tuesday, supported by growing optimism that the United States and Iran could resume talks aimed at securing a longer-term ceasefire. President Donald Trump said Tehran had reached out to Washington just hours after the US imposed a naval blockade on Iranian oil shipments in the Strait of Hormuz.

Oil prices declined, easing inflationary pressures and tempering expectations that central banks will maintain or further tighten monetary policy. In Europe, investors will focus on German wholesale price data and Spanish inflation figures, as well as corporate results from BMW, Kering, and Publicis. In premarket trading, futures on the Euro Stoxx 50 and the Stoxx 600 were up 0.4% and 0.2%, respectively.