European equity markets were set to open higher on Tuesday, extending their advance toward record highs as attractive valuations and optimism around earnings and regional economic growth lifted investor sentiment. Traders looked past rising geopolitical risks and concerns over the US Federal Reserve’s independence, instead focusing on supportive local market signals. Investors will also digest the latest French budget balance data, along with Turkey’s current account and retail sales figures. There are no major corporate earnings due. In premarket trading, Euro Stoxx 50 and Stoxx 600 futures rose 0.3% and 0.2%, respectively.