FX.co ★ European Stocks Poised for Muted Open

European equity markets were poised for a broadly flat open on Monday, as investors monitored developments in US-Iran peace talks. Reports indicated that Washington and Tehran have agreed on a roadmap toward a final deal within 60 days, easing some market anxiety following the latest exchange of threats between the two sides over the conflict in Lebanon.

In the UK, investors are also weighing speculation that Prime Minister Keir Starmer could signal an intention to step down as early as today, after Greater Manchester Mayor Andy Burnham won a parliamentary seat last week and emerged as a potential rival.

The European data calendar is quiet, with no major economic releases or significant corporate earnings scheduled. In premarket trade, Euro Stoxx 50 and Stoxx 600 futures were little changed, fluctuating around flat to slightly negative levels.