European Stocks Set to Open Higher

European equity markets were set to open higher on Tuesday, following a muted session, as investors continued to monitor geopolitical developments.

US President Trump said after his Monday call with Russian President Putin that Russia and Ukraine would begin ceasefire talks immediately.

However, the Kremlin noted the process would take time, and Trump signaled he wasn’t prepared to join Europe in imposing new sanctions on Moscow.

Meanwhile, investors are looking ahead to more corporate earnings, with British firms Vodafone and Greggs, along with Swiss Life and Sweden’s Lagercrantz, set to report first-quarter results.

On the data front, German producer prices fell 0.9% year-on-year in April, a steeper drop than the expected 0.6%, marking the second consecutive decline.

In premarket trade, both Euro Stoxx 50 and Stoxx 600 futures rose 0.4%.