European stocks set to open higher as oil and bond yields stay in focus
European stock markets are expected to open slightly higher on Monday, though uncertainty over Middle East peace negotiations continues to pressure oil prices and bond yields at the start of a data-heavy week. The Paris CAC 40 is indicated up 0.24%, with Frankfurt's Dax, London's FTSE, and the Stoxx 600 also seen higher. Oil prices rose further after President Trump rejected Iran's proposal to reopen the Strait of Hormuz, with Brent up 2.82% to $107.26 a barrel. Investors remain cautious about bond markets, anticipating tighter central bank policy to manage inflation, while US employment and eurozone inflation data are due this week. US stock futures point lower Monday after Friday's gains, while Asian markets were mixed, with Chinese indices falling sharply as post-summit optimism faded. US Treasury yields rose, with the 30-year yield hitting a 22-year high last week.