European markets to open higher as Trump considers Iran peace proposal

european futures point higher tuesday morning, with the ftse 100 seen opening up, germany's dax up 0.23%, france's cac 40 up 0.34%, and italy's ftse mib up 0.3%. the catalyst is a reported iranian peace proposal. white house press secretary karoline leavitt confirmed monday that trump and his national security team discussed iran's offer to reopen the strait of hormuz if the us lifts its blockade and the war ends. the proposal would postpone nuclear talks for later. trump has vowed not to lift the blockade until a deal is "100% complete." oil prices edged higher overnight on the uncertainty. earnings come from novartis, airbus, bp and barclays on tuesday. attention also turns to central banks: the fed on wednesday (possibly powell's last meeting before warsh takes over in may), and the ecb and boe on thursday. economists expect all three to hold rates steady this month, but leave the door open to hikes later.