European stocks to open flat to higher as investors survey the trade talks, tariff landscape

Welcome to CNBC's live blog covering all the action in European financial markets on Tuesday, as well as the latest regional and global business news, data and earnings.

Futures data from IG suggests a generally positive start for European markets, with London's FTSE looking set to open unchanged at 8,774, Germany's DAX up 0.2% at 23,955, France's CAC 40 up a notch at 7,679 and Italy's FTSE MIB up slightly at 39,865.

The generally positive start for Europe comes as global investors begin to assess the trade talks and the tariff landscape as U.S. President Donald Trump's 90-day reprieve from higher import duties is set to expire next week.

Asia-Pacific markets traded mixed overnight as investors assessed the record gains on Wall Street and the prospects for trade deals, while U.S. equity futures were little changed early Tuesday after the S&P 500 notched another record to close out a stunning quarter.

U.S. Treasury Secretary Scott Bessent said Monday that there are “countries that are negotiating in good faith.” However, he added that tariffs could still “spring back” to the levels announced on April 2 “if we can't get across the line because they are being recalcitrant.”

Canada walked back its digital services tax in an attempt to facilitate trade negotiations with the United States. Ottawa's move to rescind the new levy comes after President Donald Trump said on Friday that he would be “terminating ALL discussions on Trade with Canada.”

What to look out for Tuesday

The big data release in Europe on Tuesday is the latest preliminary inflation data from the euro zone. Analysts expect the rate to have hit 2% in the year to June, which would be in line with the European Central Bank's target.

Earnings are set to come from Sodexo and Sainsbury's. Other data releases include German unemployment figures and U.K. Nationwide house prices data.

CNBC continues coverage of the ECB's forum in Sintra, Portugal, where central bankers have gathered this week.