European stock futures rise after reports of German coalition

(Reuters) -European equity index futures popped higher in U.S. afternoon trade on Tuesday after Germany's NTV reported conservatives under chancellor-in-waiting Friedrich Merz on Tuesday reached a deal with the centre-left Social Democrats (SPD) to form a government.

Two people with knowledge of the matter told Reuters, however, that there was not yet an agreement.

EuroSTOXX 50 futures were last up 0.32%, paring gains a bit. DAX futures likewise were up 0.25% and CAC 40 futures were up 0.15%. Bund futures trimmed losses slightly and the euro briefly extended gains and was last up 0.39% at $1.0946.

(Reporting by Chuck Mikolajczak, Gertrude Chavez and Alden Bentley; Editing by Chris Reese)