FX.co ★ European Markets Set for Higher Open

European stock markets were set to open on a positive note on Tuesday, buoyed by indications of progress in global trade discussions. U.S. President Donald Trump expressed willingness to engage in renewed tariff negotiations with the European Union and other major partners, alleviating some investor concerns as the August 1 deadline for implementing a 30% levy on EU exports to the U.S. looms. European officials are striving to reach an agreement to avert these impending tariffs. Despite this, geopolitical tensions continue to be a point of focus, especially following Trump's threat to impose additional tariffs of 100% on Russia if a peace accord with Ukraine isn't achieved within 50 days. Economically, attention will be on the latest readings of the ZEW Economic Sentiment Index for Germany and the broader Eurozone. Corporate earnings reports are also in the limelight, with anticipated results from Barratt Redrow, Ericsson, and Experian. In early trading, futures for the Euro Stoxx 50 and Stoxx 600 indices showed an increase of approximately 0.3%.