Europe before the bell: futures higher on lower energy prices
USO•European equity futures were slightly higher on Monday as crude prices dipped on hopes for a possible Russia-Ukraine energy ceasefire. INWIT shares were called to open sharply higher after leading shareholders reportedly arranged financing for a potential take-private deal.
1. European futures rise
European equity futures were slightly higher on Monday as a small dip in crude prices followed hopes that a possible energy ceasefire between Ukraine and Russia could ease pressure on oil and gas supplies. Gasoil futures were down about 2.6% to $1,444 a metric ton, while Euro STOXX 50 futures rose 0.3%; DAX, CAC and FTSE futures gained between 0.3% and 0.4%.
2. Ceasefire details awaited
U.S. President Donald Trump announced an energy ceasefire between Russia and Ukraine on Sunday and said it was effective immediately. Moscow had not commented, and Ukrainian President Volodymyr Zelenskiy said he was still waiting to see details of the deal.
3. INWIT in focus
INWIT shares were called to open sharply higher after leading shareholders reportedly arranged financing for a potential take-private deal.
