Before the Bell: STOXX to Hit Post-War High, Then What?

STOXX 600 Poised for Post-War High as US-Iran Peace Talks Progress

European shares are set for a strong open on Monday, with STOXX 600 futures indicating the index will reach its highest level since the outbreak of the U.S.-Israeli war with Iran. Growing optimism over a potential peace deal between Washington and Tehran is driving the rally.

Market Momentum Builds

Futures on the Euro STOXX 50 gained 1%, while broad STOXX 600 futures added 0.8%. The benchmark is on the verge of surpassing its record peak from late February, joining major North American and Asian indices that have been trading in uncharted territory. Meanwhile, Brent crude fell $5 to around $98 a barrel, and European bond yields declined across the curve, reflecting easing geopolitical tensions.

Deal Not Yet Sealed, But Optimism High

U.S. Secretary of State Marco Rubio noted that there was a "pretty solid thing on the table," though caution remains as talks have not concluded. Trading volumes may thin later in the session with UK and U.S. markets closed for holidays.

Delivery Hero Surges on Uber's Interest

In corporate news, Delivery Hero shares jumped 6% in early Frankfurt trading after reports that Uber is considering a higher offer for the German food delivery group. A previous bid valued at over €11.5 billion ($13.4 billion) was rejected by a major shareholder.