LIVE MARKETS-Europe before the bell: mood tempers after U.S.-China truce

Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com

EUROPE BEFORE THE BELL: MOOD TEMPERS AFTER U.S.-CHINE TRUCE

European futures are signalling a slight move higher at the open as the mood tempers after stocks rallied on Monday on news of a truce in the U.S.-China trade war.

Euro STOXX 50 futures STXEc1 are up 0.1%, while futures on the DAX FDXc1 are 0.3% higher and FTSE FFIc1 futures down 0.1%.

The STOXX 600 .STOXX surged 1.2% on Monday after the U.S. and China agreed to temporarily unwind most of the tariffs imposed on each other's goods earlier in the year.

The U.S. has also said it would cut the low value "de minimis" tariff on China shipments to 54% from 120%, with a flat fee of $100 to remain, starting from May 14.

Earnings continue to hit screens. Germany's largest reinsurers, Munich Re HNRGn.DE have reported sharp declines in first-quarter profit after a combined 1.7 billion euros ($1.89 billion) in claims relating to the Los Angeles wildfires this year.

Poland's biggest bank PKO BP PKO.WA posted a 20.8% year-on-year rise in first-quarter net profit, while Bayer BAYGn.DE has confirmed its 2025 earnings outlook.

Elsewhere, Spanish lender Unicaja UNI.MC has denied that it held talks about a merger with Banco Sabadell SABE.MC after Bloomberg News reported the lenders held informal discussions for it.

(Lucy Raitano)

*****

FOR TUESDAY'S OTHER LIVE MARKETS POSTS

WITH A HIATUS IN THE TRADE WAR, IT IS BACK TO THE GRIND CLICK HERE