European Shares Seen Mostly Higher On Iran Peace Deal Hopes

European stocks are set to open slightly higher, but London’s FTSE 100 is expected to underperform as Brent crude fell below $98 a barrel on improved prospects of a U.S.-Iran deal. The move in oil reflects lower geopolitical risk premia and is a near-term headwind for energy-linked equities. The market tone is cautious as investors weigh softer crude prices against the broader equity opening.

Analysis

European stocks are set to open slightly higher, but London’s FTSE 100 is expected to underperform as Brent crude fell below $98 a barrel on improved prospects of a U.S.-Iran deal. The move in oil reflects lower geopolitical risk premia and is a near-term headwind for energy-linked equities. The market tone is cautious as investors weigh softer crude prices against the broader equity opening.