Europe markets set to open higher amid easing geopolitical concerns

European stocks are set to open higher on Monday morning after senior U.S. officials sought to play down risks of a military conflict with North Korea.

The FTSE 100 is seen 17 points higher at 7,320; the DAX 30 is expected to open up by 37 points at 12,047 and the CAC 40 is set to open 20 points higher at 5,073.

Geopolitical concerns appeared to fade on Monday as U.S. Secretary of Defense Jim Mattis and Secretary of State Rex Tillerson wrote that the Trump administration would continue to seek diplomatic resolutions with Pyongyang. In a commentary published in the Wall Street Journal on Sunday, the pair said, “The U.S. has no interest in regime change or accelerated reunification of Korea.”

On the data front, Euro Area industrial production for June is set to be released at around 10 a.m. London time.

Meanwhile, the Standard Life and Aberdeen Asset Management merger is poised to become effective on Monday. Source: CNBC