Source: Sharecast
The FTSE 100 was called to open around five points higher.
The imposition of a 50% tariff on goods from the EU to the US will be delayed until 9 July to allow for talks.
Danske Bank said: "The U-turn comes on the back of a conversation between Trump and EC President von der Leyen, with both parties opting for a swift and constructive agreement. Accordingly, this largely confirms that Trump's tariff plans can be regarded as a negotiation tool."
On the macro front, there are no major UK data points due, but across the pond, investors will be eyeing the Conference Board consumer confidence reading for May at 1500 BST.
In UK corporate news, specialty chemicals company Elementis said it had sold its Talc business to Italy’s IMI Fabi for an enterprise value of $121m and would start a £50m share buyback.
The sale comes as Elementis repositions itself as a pure-play specialty chemicals operation focused on value-added additives in the high-margin coatings and personal care markets.
Whitbread announced the appointment of Christine Hodgson as its new chair effective 1 September, succeeding Adam Crozier, who will retire from the board on the same date.
Hodgson, currently chair of Severn Trent, brings experience from senior roles in technology and consumer-facing sectors.
Crozier had served as chair of the FTSE 100 hospitality giant for seven years, overseeing Whitbread’s strategic transformation into a focused budget hotel business.