FX.co ★ European Stocks Poised for Cautious Open

European equity markets appeared poised for a subdued opening on Tuesday, as France's ongoing political uncertainty continued to affect investor sentiment in light of Prime Minister Sebastien Lecornu's resignation. President Emmanuel Macron has allotted approximately 48 hours for Lecornu to engage in final discussions with opposing parties to resolve the political stalemate. French stock markets experienced a decline on Monday, with financial institutions such as banks and insurers shouldering the heaviest losses. Declines in OAT prices placed pressure on balance sheets and elevated liquidity rates. Significant downturns were observed in BNP Paribas, Credit Agricole, Societe Generale, and AXA. Regarding economic data, investors are likely to seek new guidance from German factory orders, UK housing price indices, and French trade figures. In premarket activity, Euro Stoxx 50 and Stoxx 600 futures remained largely unchanged.