LONDON \u2014 European stocks are expected to open higher on Tuesday as investors await Washington’s response to Iranian peace proposals and look ahead to earnings reports from several regional companies.<\/p>\n
The U.K.’s FTSE 100<\/a> index is seen opening a touch higher, with Germany’s DAX<\/a> up 0.23%, France’s CAC 40<\/a>\u00a0up 0.34% and Italy’s FTSE MIB<\/a> 0.3% higher, according to data from IG. <\/p>\n Earnings come from Novartis<\/a>, Airbus<\/a>, BP<\/a> and Barclays<\/a> on Tuesday.<\/p>\n Investors will be assessing the news that U.S. President Donald Trump<\/a>\u00a0and his national security team discussed Iran’s proposal to reopen the Strait of Hormuz if the U.S. lifts its blockade and the war ends, White House press secretary Karoline Leavitt confirmed on Monday.<\/p>\n The proposal would postpone negotiations on Tehran’s nuclear ambitions for a later date,\u00a0Axios<\/a>\u00a0and\u00a0The Associated Press<\/a>\u00a0reported earlier in the session.<\/p>\n It’s unclear whether Trump, who has vowed not to lift the blockade until a deal with Iran is “100% complete<\/a>,” entertained the reported offer to end the two-month-old war. Oil prices edged higher overnight as uncertainty lingered over the outcome of the war.<\/p>\n Global market attention will be focusing on central banks this week, with the U.S. Federal Reserve, European Central Bank and Bank of England all due to hold pivotal meetings as the war upends inflation and growth expectations.<\/p>\n The Fed’s policy decision on Wednesday could mark Jerome Powell’s final meeting as chair before Kevin Warsh is expected to take over in May. The Department of Justice decided to\u00a0drop its criminal probe<\/a>\u00a0into Powell on Friday, causing Sen. Thom Tillis to\u00a0end his block of Warsh’s confirmation<\/a>.<\/p>\n The ECB and BOE both publish their latest monetary policy decisions on Thursday, with economists expecting the central banks to stand pat on their benchmark interest rates at their respective meetings this month. However, the central banks are expected to leave the door open to hikes later this year.<\/p>\n \u2014 CNBC’s Kevin Breuninger contributed to this market report.<\/p>\n