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Also, things are icy between Stellantis and the French government and Audi seems eager to make EVs in Mexico but don't tell anybody, all in The Morning Shift.

European stocks are likely to open higher on Tuesday as concerns over Russia subsided and optimism grew over a potential improvement in U.S.-China relations. Making a statement to the nation about Saturday's aborted armed mutiny, Russian President Vladimir Putin said on Monday he took steps to avoid large-scale bloodshed.

European stocks closed broadly lower on Thursday after the European Central Bank raised rates by 25 basis points and signaled another hike in July..

European stocks closed higher on Wednesday thanks to encouraging data from Germany and the U.K., and on hopes the Federal Reserve will pause its interest rate hikes after data showed a moderation in U.

European shares were subdued on Wednesday, as Chinese trade data came in below expectations and investors exercised caution ahead of key central bank meetings next week.