European markets set to open higher; BP, Diageo earnings coming up
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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 broadly positive open for European indexes, with London's FTSE 100 seen opening 0.3% higher, France's CAC 40 up 0.1%, Germany's DAX up 0.2%, and Italy's FTSE MIB 0.1% higher.
Investors on Tuesday will be assessing more tariff news after U.S. President Donald Trump announced plans to significantly raise tariffs on Indian exports to the U.S.
"India is not only buying massive amounts of Russian Oil, they are then, for much of the Oil purchased, selling it on the Open Market for big profits," Trump wrote on the social media platform Truth Social.
India responded by saying it was being "targeted" by the U.S. and the European Union over its imports of Russian oil. India markets slipped at the open as investors kept an eye on trade developments between the U.S. and the South Asian nation. Asia-Pacific markets elsewhere traded broadly higher.
U.S. stock futures were slightly higher on Monday night, following a rebound on Wall Street on Monday, as investors followed the latest batch of corporate earnings.
— Holly Ellyatt
Trowbridge in Somerset, England, on March 15, 2025.
Anna Barclay | Getty Images News | Getty Images
Investors will be keeping an eye on earnings from BP , Diageo, DHL , Infineon and Banco BPM . Middle Eastern oil giant Saudi Aramco will also release an earnings update.
French industrial production data is due.
— Holly Ellyatt
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