Europe before the bell: Futures higher, oil ebbs
EWG•European stock index futures rose 0.4% to 0.9% on Friday as oil prices retreated on hopes for progress toward peace in the Middle East.
1. Futures rise as oil retreats
Euro STOXX 50 futures were up 0.9%, while DAX, CAC and FTSE futures gained 0.4% to 0.8%. Oil prices fell after reports that U.S. and Iranian negotiators were exploring a phased path out of the war that would involve reopening the Strait of Hormuz.
2. U.S.-China discussions
Discussions between U.S. President Trump and China’s President Xi Jinping appeared heavy on symbolism but light on substance regarding trade.
