European stocks rise as oil retreats, easing bond pressure
European stock futures are rising and bond market tensions are easing, following a positive Asian session driven by tech stocks. This comes as oil prices dipped on signals of increased Middle East supply, though Brent remains just above $103. The EuroStoxx50 futures gained 0.6% and FTSE Mib contracts rose 0.20%, with Dow Jones and S&P500 futures also positive. Key data to watch includes US PCE inflation expected stable at 3.7% and second-quarter GDP revised down to 1.5%. Oil prices are cautiously recovering after Qatar's mediation hopes faded, with Brent futures up 0.2% to $102.80. European inflation data from Italy and Germany are due today, following higher readings in Spain and Belgium that had pushed government bond yields upward.