22.04.202606:09:09UTC+00European Stocks Set for Muted Open

European equity markets were set for a muted open on Wednesday, as investors remained cautious following the breakdown of US-Iran peace talks, despite President Donald Trump’s decision to extend the current ceasefire. According to reports, Vice President JD Vance called off a planned trip to Islamabad for negotiations after Tehran informed Washington, via Pakistan, that it would not take part in the meeting. Trump, for his part, said he would delay any further strikes until Iran submits a new proposal and talks are concluded.

In Europe, attention will focus on UK inflation data, which should offer clues about how higher energy costs are feeding through to domestic prices. On the corporate side, investors are awaiting earnings from L’Oréal, ABB, Essilor, TE Connectivity, and Danone, among others. In premarket trading, futures on the Euro Stoxx 50 and Stoxx 600 were broadly flat to slightly higher.