European stocks are expected to open mixed on Tuesday due to uncertainty about a peace agreement ending the Iran war. The FTSE 100 may open flat to lower, while Germany's DAX and France's CAC 40 are set for gains. A Wall Street Journal report indicated that U.S. President Donald Trump aims to avoid a prolonged Middle East conflict, influencing market sentiment. This led to volatile Asia-Pacific trading, a slight rise in U.S. futures, and a drop in oil prices. Key events today include Hermes earnings and economic data from Germany, the U.K., and the EU.
European stocks are poised for a mixed opening on Tuesday amid lingering uncertainty over potential peace deals to end the Iran war.
Stocks in the Asia-Pacific region experienced volatile overnight trading following a report that U.S. President Donald Trump is looking to avoid a prolonged conflict in the Middle East.
The Wall Street Journal reported on Monday that Trump told aides he is willing to end U.S. military hostilities against Iran even if the Strait of Hormuz remains largely closed. Trump and his aides believe that an operation to reopen the strait could extend the conflict beyond the initial six-week timeline. This follows Trump's threat on Wednesday to expand attacks to Iran's civilian energy infrastructure if Tehran fails to reopen the strait.
U.S. stock futures edged up on Monday night, and oil prices dropped in overnight trading after the WSJ report.
Today's schedule includes:
— CNBC's Anniek Bao contributed to this report.