The Dax is poised to open lower on Tuesday, according to early indications from the futures markets. On Monday, the German benchmark index closed 1.1 percent higher at 24,894 points. Relief had spread across both European exchanges and Wall Street following the announcement of a preliminary agreement in principle between the U.S. and Iran to end their conflict.

However, investors remain preoccupied with unresolved questions. Central to these concerns is the announced reopening of the strategically vital Strait of Hormuz. Against this backdrop, market participants are closely watching U.S. President Donald Trump's appearance at the G7 summit in Evian, France.

Furthermore, the European Parliament is set to vote on the implementation of the trade agreement reached with Trump nearly a year ago. A significant majority of lawmakers is expected to approve the pact, which includes the elimination of EU tariffs on U.S. imports and flat U.S. tariffs of 15 percent. On the economic front, the Mannheim-based ZEW Institute will release its June survey on investor sentiment. Economists polled by Reuters expect market professionals to show less skepticism regarding the outlook for the German economy.

In corporate news, the acceptance period for the takeover bid by Italian banking giant UniCredit for Commerzbank expires on Tuesday. UniCredit has already secured nearly 12 percent of Commerzbank shares, pushing its total stake past the 30 percent threshold. Prior to the start of the share swap, the Italians held 26.8 percent of Commerzbank, whose management continues to fiercely resist a takeover.

Closing levels of European Level  

Equity Indices and

Futures on Monday

Dax 24,894.01    

EuroStoxx50 6,229.43    

EuroStoxx50 Future 6,238.00    

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Closing levels of Level Change in

U.S. Indices on Monday Percent

Dow Jones 51,671.03   +0.9%  

Nasdaq 

S&P 500  7,554.29   +1.7%  

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Asian Indices on Level at 07:00 Change in

Tuesday CET Percent

Nikkei 

Shanghai 4,098.85   +0.1%  

Hang Seng 24,537.27   -1.2%  

(Report by Stefanie Geiger, edited by Christian Goetz. For inquiries, please contact our editorial office at berlin.newsroom@thomsonreuters.com (for politics and economics) or frankfurt.newsroom@thomsonreuters.com (for companies and markets)