European markets head for negative open, shrugging off China-U.S. trade talks progress

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Futures data from IG suggests London’s FTSE will open 14 points lower at 8,852, Germany’s DAX down 105 points at 23,925, France’s CAC 40 down 9 points at 7,788 and Italy’s FTSE MIB 95 points lower at 40,082.

Global markets are having a mixed reaction to news that U.S. and Chinese officials reached a tentative consensus on trade after a second day of talks in London. The negotiators will now seek approval on the framework from the U.S. and Chinese presidents.

Asia-Pacific markets climbed overnight on the apparent breakthrough, but U.S. stock futures inched lower, with investors also looking ahead to May inflation data.