European Shares Seen Tad Higher With US-Iran Talks In Focus

European stocks are expected to open higher on Tuesday after a Wall Street rally, but sentiment may stay cautious ahead of the next U.S.-Iran negotiation round in Doha. Traders are focused on risks following recent exchanges of fire in the Strait of Hormuz, where any escalation could disrupt shipping and affect energy supplies, inflation and interest-rate expectations. U.S. President Donald Trump said on Truth Social that the talks would occur in Doha amid tensions and also referenced MoU implementation, while Iran’s foreign ministry spokesperson Esmaeil Baghaei said no meetings are scheduled with the U.S. delegation. Media reports also suggest tanker traffic through the Strait of Hormuz has declined after weekend strikes. Investors meanwhile await key U.S. data before July 3, including the Conference Board’s consumer confidence, ADP payrolls, and the June jobs report, with economists expecting payroll gains to slow to 75,000 from 172,000 and unemployment near 4.3%.