FX.co ★ European Stocks Head Higher on Trump Remarks

European equity markets were poised for a higher open on Tuesday, supported by optimism over a swift resolution to the conflict in Iran. US President Donald Trump indicated that the military operation in Iran could conclude soon and noted that it is progressing well ahead of the initially projected four- to five-week timeframe.

Oil prices fell back below $100 per barrel after Trump announced several measures intended to curb energy costs, while G7 finance ministers reiterated that the group “stands ready” to release oil from strategic reserves if necessary. Global equities had recently sold off amid uncertainty over the course of the Iran conflict, as surging oil prices stoked concerns about slowing economic growth and a possible resurgence of inflation.

In Europe, investors will scrutinize German and French trade data, Italian producer price inflation, and Turkish industrial production. Corporate results are also due from companies including Volkswagen, Gea Group, and Infrastrutture Wire. In premarket trading, the Euro Stoxx 50 rose more than 1%.