FX.co ★ European Stocks Set for Lower Open

European equity markets were poised to open slightly lower on Friday, as investors adopted a cautious approach ahead of the weekend and awaited clearer signals on US–Iran peace negotiations. US President Donald Trump voiced confidence that the conflict with Iran would be resolved soon, stating that Tehran had agreed to conditions that include abandoning its nuclear ambitions and reopening the Strait of Hormuz. Trump also announced a 10-day ceasefire between Israel and Lebanon, a development that could create a more favorable backdrop for further US–Iran dialogue. In Europe, attention will center on upcoming trade balance figures for the Eurozone and Italy, with no major corporate earnings releases expected. In pre-market trading, futures on the Euro Stoxx 50 and the Stoxx Europe 600 were both down around 0.1%.