FX.co ★ European Markets Head for Positive Open

European stock markets appeared poised for a stronger start on Monday, building on the gains seen last week. Investor focus remained on assessing the potential repercussions of US tariffs on the European economy. Additionally, market participants were attentive to developments regarding the extension of the US-China tariff truce beyond the August 12 deadline. Reports suggest that China is seeking concessions from the US, specifically the easing of export controls on artificial intelligence chips, as part of any new trade agreement. On the economic front, no major data releases or corporate earnings announcements are scheduled in Europe for Monday. In pre-market trading, futures for the Euro Stoxx 50 and the Stoxx 600 indices indicated a rise of approximately 0.2%.