European stocks set to open flat as oil prices retreat below $100 per barrel following geopolitical developments. The Stoxx 600 hovered near flatline Thursday morning with major bourses in London, Frankfurt, Paris and Milan trading lower. Oil prices fell after U.S. President Donald Trump signaled progress in Iran negotiations, with West Texas Intermediate crude at $99.72 and Brent at $106.44. In corporate news, Eutelsat surged 10% in morning trade, extending weekly gains to 22% ahead of SpaceX's anticipated IPO, though the satellite operator's 4.7 billion dollar market cap pales against SpaceX's potential 1.75 trillion dollar valuation. EasyJet shares declined 0.3% after reporting a pre-tax loss of 741 million dollars for the first half, citing Middle East conflict impacts on bookings and operational costs.
