European stocks set to open higher amid hopes for an Iran-Israel ceasefire

8 hours ago 48

Here are the opening calls

Sunrise in London.

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Good morning from London on Tuesday, and welcome to CNBC's live blog covering European financial markets and the latest regional and global business news, data and earnings.

Futures data from IG suggests a positive start for European markets, with London's FTSE looking set to open 0.3% higher at 8,792, Germany's DAX up 1.1% 23,541, France's CAC 40 1% higher at 7,618 and Italy's FTSE MIB also up 1% at 39,321.

Global market sentiment rose after President Donald Trump said that there is a ceasefire timeline for Israel and Iran, prompting U.S. stock futures and Asia-Pacific markets to rise on Monday night.

"It has been fully agreed by and between Israel and Iran that there will be a Complete and Total CEASEFIRE ... for 12 hours, at which point the War will be considered, ENDED!" Trump wrote on Truth Social.

Neither Iran nor Israel has publicly confirmed acceptance of a ceasefire timeline, however.

Follow CNBC's live blog on all the latest developments in the Israel-Iran conflict here.

— Holly Ellyatt