FX.co ★ European Markets Poised for Strong Open

European equity markets were poised for a robust opening on Tuesday, invigorated by a reduction in geopolitical tensions following President Donald Trump's announcement of a ceasefire between Israel and Iran. This development followed Iranian state media's disclosure that Tehran had completed its "final round" of missile strikes on Israel. Significantly, Iran avoided targeting the strategically crucial Strait of Hormuz, easing concerns over potential widespread disruptions to the global oil supply. In Europe, focus shifts to the NATO summit commencing today in The Hague, where leaders are slated to address security priorities amid recent global tensions. On the economic front, investors will closely examine Germany’s Ifo Business Climate report for June to gauge insights into the continent’s largest economy. In early premarket trading, Euro Stoxx 50 futures climbed by 1.7%, while Stoxx 600 futures increased by 1.2%.