FX.co ★ European Stocks Set for Stronger Open

European equity markets were poised to open higher on Tuesday as investor sentiment improved and the recent selloff in technology stocks appeared to be stabilizing. Attention also shifted to the resumption of US-Iran peace talks in Doha, Qatar, following a pause in recent hostilities around the Strait of Hormuz. In Europe, investors are awaiting German retail sales data and final UK GDP figures, as well as preliminary inflation estimates from Germany, France, and Italy. On Monday, ECB President Christine Lagarde told the ECB Forum that Europe is increasingly likely to face inflationary shocks, but stressed that the region’s economic resilience gives the European Central Bank room to raise interest rates without jeopardizing financial stability. In premarket trading, futures on both the Euro Stoxx 50 and the Stoxx 600 rose about 0.6%.