European bourses set to open higher as global markets await U.S. inflation data
Alexander Spatari | Moment | Getty Images
Good morning from London, and welcome to CNBC's live blog covering all the action and business news in European financial markets on Tuesday.
Futures data from IG suggests a generally positive open for European indexes, with London's FTSE 100 seen opening 0.14% higher, France's CAC 40 up 0.3% and Germany's DAX up 0.25%, and Italy's FTSE MIB 0.27% higher.
Regional bourses closed in mixed territory on Monday, with the regional Stoxx 600 shedding 0.06%.
Global investors remain focused on the tariff landscape this week, with traders digesting U.S. President Donald Trump's decision to delay higher U.S. tariffs on Chinese goods for another 90 days.
Asia-Pacific markets mostly rose overnight as investors assessed the U.S.-China trade truce that gives the world's largest economies more room to negotiate a deal.
In the U.S., traders are focused on inflation data out later today. The consumer price index and the producer price index, due out Thursday, will be significant factors in the direction interest rates take at the Federal Reserve's next meeting in September.
— Holly Ellyatt
A shopper holds US banknotes while paying for produce at the farmer's market in San Francisco, California, US, on Thursday, March 27, 2025.
David Paul Morris | Bloomberg | Getty Images
There are no major earnings reports from Europe on Tuesday, but analysts will be looking out for the latest U.K. jobs data, due at 7 a.m. London time, and economic sentiment data from Germany.
Investors are also keeping an eye on the latest U.S. consumer price index report, hoping to gather potential insight into how the Federal Reserve will handle short-term interest rates, especially as the S&P 500 hovers near an all-time high.
Economists polled by Dow Jones expect the index to advance 0.2% month over month in July, and 2.8% on an annualized basis. So-called core consumer price index, which strips out food and energy from the reading, is expected to climb 0.3% month over month and 3.1% year over year.
— Holly Ellyatt, Brian Evans
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