European stocks are seen opening higher on Tuesday, though the upside may remain capped somewhat after reports suggested that U.S. President Donald Trump and his national security team are skeptical of Iran's offer of a deal to reopen the Strait of Hormuz and end the two-month war, while setting aside nuclear negotiations for later.
Citing anonymous U.S. officials, ABC News reported that the deal fell short of Washington's red lines - dampening hopes for a resolution to the conflict that disrupted energy markets and tightened global financial conditions.
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Market Analysis
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.