LIVE MARKETS-Europe before the bell: futures inch higher as traders eye Ukraine developments

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EUROPE BEFORE THE BELL: FUTURES INCH HIGHER AS TRADERS EYE UKRAINE DEVELOPMENTS

European futures are pointing to slight gains at the open, as markets shift attention to news that Ukrainian President Volodymyr Zelenskiy won diplomatic backing from Europe and the NATO alliance on Sunday ahead of a Russia-U.S. summit this week.

Kyiv fears President Vladimir Putin and President Donald Trump may try to dictate terms for ending the 3-1/2-year war at the summit.

Euro STOXX 50 futures STXEc1 are up 0.2%, as are futures on the DAX FDXc1 are 0.1% higher, while FTSE FFIc1 futures are up 0.1%.

Defence names are likely to be in focus at the open.

Elsehwere, Nvidia NVDA.O and AMD AMD.O have agreed to give the U.S. government 15% of revenue from sales to China of advanced computer chips, a U.S. official told Reuters on Sunday.

Danish wind farm developer Orsted ORSTED.CO is planning a 60-billion crown ($9.4 billion) rights issue.

On the M&A front, U.S. video platform and cloud services provider Rumble RUM.O is considering an offer of about $1.17 billion (1 billion euros) for German AI cloud group Northern Data NB2.DE.

Meanwhile, traders are looking ahead to U.S. consumer price data on Tuesday, with particular attention on evidence of the impact of tariffs on the inflation rate.

(Lucy Raitano)

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