FX.co ★ European Markets Poised for Higher Open

European stocks were poised for a positive opening on Monday, buoyed by an improved appetite for risk following indications of easing trade tensions between the US and China, as well as a stabilized outlook for US regional banks. In a notable development, S&P Global Ratings downgraded France's credit rating from A+ to AA-, citing growing fiscal uncertainties. On the corporate landscape, this week sees investors shifting their attention to earnings reports from major European companies, such as L’Oréal, UniCredit, SAP, Hermès, Barclays, and Sanofi. With Monday lacking any significant economic releases in Europe, market futures indicated an uplifting start, as Euro Stoxx 50 and Stoxx 600 futures rose by 0.8% and 0.6%, respectively, in premarket trading.