LIVE MARKETS-Europe before the bell: Peace talks suffer another hiccup

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EUROPE BEFORE THE BELL: PEACE TALKS SUFFER ANOTHER HICCUP

European equity futures are mixed on Monday although oil prices are higher after U.S. President Trump called Iran's response to a U.S. peace proposal "TOTALLY UNACCEPTABLE".

Brent LCOc1 and WTI CLc1 crude futures are both up about 4%, the former back above $105 per barrel.

Stock futures in Europe are so far looking through the oil-price rise, with indexes set to open mixed.

Euro STOXX 50 futures STXEc1 are up less than 0.1%, while futures on the DAX FDXc1 and CAC FCEc1 are both a touch lower. FTSE futures FFIc1 are up about 0.3%, given the index's heavy weighting to the energy sector.

The other main focus for equity markets is the boom in AI stocks, particularly semiconductor/memory manufacturers.

South Korea's Kospi .KS11, which is already up over 80% this year, rose another 4% overnight. U.S. futures EScv1 are steady.

In corporate news, shares in Delivery Hero DHER.DE could be in focus after Prosus sold a 5% stake to Hong Kong's Aspex for 335 million euros, representing a 22% premium.

(Samuel Indyk)

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