European equities were set to open higher on Monday as risk appetite improved amid signs of easing US-China trade tensions and stabilizing sentiment around US regional banks. Meanwhile, S&P Global Ratings downgraded France’s credit rating from A+ to AA-, citing increased fiscal uncertainty. On the corporate front, investors turned their focus to earnings from major European firms this week, including L’Oreal, UniCredit, SAP, Hermes, Barclays, and Sanofi. With no major economic data due in Europe on Monday, futures pointed to early gains, with Euro Stoxx 50 and Stoxx 600 futures rising 0.8% and 0.6%, respectively, in premarket trade.