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CNBC
2 hours ago
- Business
- CNBC
European markets set to start the week positively as trade landscape remains in focus
Waterloo Bridge, in front of St. Paul's Cathedral, on March 24, 2025, in London, United Kingdom. John Keeble | Getty Images News | Getty Images Good morning from London, and welcome to CNBC's live blog covering all the action and business news in European financial markets at the start of the new trading week. Futures data from IG suggests a generally positive open for European indexes, with London's FTSE 100 seen opening slightly higher, France's CAC 40 up 0.2% and Germany's DAX up 0.3%, and Italy's FTSE MIB 0.5% higher. Global investors will continue to keep an eye on the tariff landscape this week with a focus on whether the Aug. 12 deadline for the U.S.-China tariff truce will be extended. Asia-Pacific markets were subdued overnight as a result. Meanwhile, U.S. stock futures inched higher Sunday night, with the market once again on the cusp of all-time highs ahead of a week of key inflation reports. The consumer price index, which is set to be released Tuesday, and the producer price index, due out Thursday, will be critical in shaping the outlook for the direction of interest rates, especially in the Federal Reserve's September meeting. Hotter inflation prints could hinder the market's advance, however. — Holly Ellyatt, Sarah Min
CNBC
4 days ago
- Business
- CNBC
European stocks set for broadly higher open amid more tariff news; BOE and earnings ahead
Shomos Uddin | 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 Thursday. Futures data from IG suggests a broadly positive open for European indexes, with London's FTSE 100 seen opening flat, France's CAC 40 up 0.13% and Germany's DAX up 0.3%, and Italy's FTSE MIB 0.33% higher. Global markets continue to keep an eye on the tariff landscape this week after U.S. President Donald Trump on Wednesday implemented an additional 25% tariff on India, days after he already imposed a 25% levy on the country. "I find that the Government of India is currently directly or indirectly importing Russian Federation oil," Trump said in an executive order. India said it is "extremely unfortunate that the U.S. should choose to impose additional tariffs ... for actions that several other countries are also taking in their own national interest," according to a statement, adding that its imports are based on "market factors and done with the overall objective of ensuring the energy security of 1.4 billion people of India." The president also signaled on Tuesday that he will announce new tariffs on semiconductors and chips as soon as next week. The Bank of England on May 9, 2024, in London. Carl Court | Getty Images News | Getty Images It's another busy day of earnings Thursday, with Siemens , Deutsche Telekom , Allianz , Zurich Insurance , Merck , Moeller Maersk , Swisscom , Henkel, Rheinmetall and Uniper all due to report. Data releases include French and German trade balances. The Bank of England will be publishing its latest monetary policy decision, with the central bank expected to cut interest rates from 4.25% to 4%. — Holly Ellyatt
CNBC
5 days ago
- Business
- CNBC
European stocks set to open higher; Commerzbank, Siemens Energy to report earnings
People take in the view of London from the top of a skyscraper on July 15, 2025. Carlos Jasso | Afp | 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 Wednesday. Futures data from IG suggests a broadly positive open for European indexes, with London's FTSE 100 seen opening 0.35% higher, France's CAC 40 and Germany's DAX up 0.25%, and Italy's FTSE MIB 0.34% higher. Global markets will be keeping an eye on the tariff landscape the rest of this week after U.S. President Donald Trump signaled he will announce new tariffs on semiconductors and chips as soon as next week. "We're going to be announcing [tariffs] on semiconductors and chips, which is a separate category, because we want them made in the United States," Trump told CNBC on Tuesday, adding that he'll announce the new plan "within the next week or so." Asia-Pacific markets traded mixed overnight on the comments, while S&P 500 futures were near flat Tuesday night as investors analyzed the latest batch of corporate earnings. — Holly Ellyatt Picture Alliance | Picture Alliance | Getty Images
The Star
28-07-2025
- Business
- The Star
European stocks gain, euro dips after US-EU strike trade deal
LONDON: Europe's major stock markets made modest gains while the euro fell in early trading on Monday as investors greeted a trade agreement between the United States and European Union with cautious relief. The STOXX 600 opened 0.7% higher and the euro was down 0.3% against the dollar at the start of what looks set to be a pivotal week in U.S. President Donald Trump's global trade war. The framework deal, which European Commission President Ursula von der Leyen described as the best the bloc could get, will impose a 15% import tariff on most EU goods and see the EU spend $600 billion on U.S. investments while opening up some important parts of its market. "The deal is better than the 30%-50% tariff rates threatened over the last couple of months, although it is probably as bad as the universal tariff rates being discussed late last year," ING analyst Chris Turner said. While the U.S.-EU deal averts a more damaging standoff between the two blocs, which account for almost a third of global trade, a number of European capitals complained it was lopsided in favour of Washington. Other major economies are still scrambling to finalise deals ahead of Trump's August 1 deadline. Talks between the U.S. and China taking place in Stockholm on Monday are expected to extend their trade truce for another 90 days, while Europe's deal comes hot the heels of one struck with Japan last week. MUFG FX strategist Derek Halpenny said the EU deal was ultimately, "good news from a financial markets perspective as it reduces uncertainty further still ahead of 1st August, which is now looking like an insignificant date." Prashant Newnaha at TD Securities meanwhile called it "a big win for the U.S." given the forced purchases of U.S. energy and military equipment and "zero tariff retaliation by Europe". Germany's exporter-heavy DAX, France's CAC 40 , Italy's FTSE MIB and Spain's IBEX were all up between 0.4% and 0.8% after the first hour of trading, while S&P 500 and Nasdaq futures pointed to fresh record highs on Wall Street when it resumes. The euro had initially strengthened when Asian markets reopened, but it steadily dropped into the red as the dollar nudged higher across the board. Euro area government bond yields, which are a proxy for borrowing costs, also edged down. Germany's 10-year yield, the euro area's benchmark, was 0.5 basis points lower at 2.71%, after rising more than 10 basis points at the end of last week when the European Central Bank curbed talk of imminent rate cuts. FED, BOJ AWAIT Overnight in Asia, MSCI's broadest index of regional shares ended 0.3% weaker with Japan's Nikkei falling back more 1% after it hit a one-year high last week. The Australian dollar, often seen as a proxy for global risk appetite, was at $0.657, hovering around the near eight-month peak it had scaled. In an action-packed week, traders are also waiting for interest rate decisions from both the U.S. Federal Reserve and Bank of Japan, monthly U.S. non-farm payrolls and earnings from megacap companies Apple, Microsoft and Amazon . While the Fed and the BOJ are expected to maintain rates, comments from the officials will be crucial for investors to gauge the interest rate path. The trade deal with Japan has opened the door for the BOJ to raise rates again this year. Meanwhile, the Fed is likely to be cautious on any rate cuts as officials seek more data to determine the impact of tariffs on inflation before they ease rates further. But tensions between the White House and the central bank over monetary policy have increased, with Trump repeatedly lashing out at Fed Chair Jerome Powell for not cutting rates. Two of the Fed Board's Trump appointees have articulated reasons for supporting a rate cut this month. In commodities, oil prices rose after the U.S.-EU trade agreement. Brent crude futures and U.S. West Texas Intermediate crude both rose 0.5%. Gold prices dribbled down 0.1% to $3,334 an ounce - their lowest in nearly two weeks on reduced appetite for traditional safe havens. - Reuters
CNBC
25-07-2025
- Business
- CNBC
European markets set to open lower as U.S. trade talks and earnings keep spotlight
Good morning from London. There's just under an hour and a half to go until the final opening bell of the week, and regional indexes are currently looking poised to move into negative territory. Futures tied to the German DAX , Italian FTSE MIB and French CAC 40 indexes were all last seen trading 0.2% lower. Those tied to London's FTSE 100 were last heading marginally lower. Regional shares ended the Thursday session higher, as investors focused on U.S.-EU trade talks, the European Central Bank's widely anticipated interest rate hold and a flurry of corporate earnings. — Chloe Taylor
