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CNBC
21-07-2025
- Business
- CNBC
European markets set to start the week on a negative note as tariff threat weighs
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 on Monday. Futures data from IG suggest a negative start to the new trading week for European bourses, with London's FTSE 100 seen opening 0.1% lower, France's CAC 40 down 0.3%, Germany's DAX down 0.4%, and Italy's FTSE MIB 0.35% lower. European markets have been on tenterhooks since U.S. President Donald Trump announced earlier in July that he would impose a 30% tariff on goods imported from the EU starting Aug. 1. The EU has said it hopes to strike a trade deal before then but an agreement remains elusive. On Sunday, U.S. Commerce Secretary Howard Lutnick called Aug. 1 the "hard deadline" for countries to start paying tariffs, although he also added that "nothing stops countries from talking to us after August 1." — Holly Ellyatt


CNBC
17-07-2025
- Business
- CNBC
European stocks set to open higher as markets weigh tariffs and Trump comments
A red London double decker bus passes across 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 on Thursday. Futures data from IG suggest a higher open for European bourses, with London's FTSE 100 seen 0.4% higher, France's CAC 40 and Germany's DAX up 0.5%, and Italy's FTSE MIB 0.9% higher. European markets have been on tenterhooks since U.S. President Donald Trump announced last weekend that he would impose a 30% tariff on goods imported from the EU starting Aug. 1. The EU has said it hopes to strike a trade deal before then. Overnight, U.S. stock futures ticked lower following a winning day for U.S. markets after Trump denied that he was planning to fire Jerome Powell from his position as Federal Reserve chairman. Asia-Pacific markets mostly fell Thursday as investors assessed the fall in Japan's exports for the second consecutive month. — Holly Ellyatt An EasyJet Airbus A320 aircraft is seen at Malpensa Airport near Milan, Italy, October 3, 2018. Stefano Rellandini | Reuters


CNBC
16-07-2025
- Business
- CNBC
European stocks set for downbeat open after U.S. inflation data, tariffs fuel growth concerns
Houses in South London in February 2025. Dan Kitwood | 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 on Wednesday. Futures data from IG suggests regional markets will start the week flat to lower, with London's FTSE 100 unchanged and both France's CAC 40 and Germany's DAX expected to open 0.2% lower. Italy's FTSE MIB is seen opening 0.35% higher. The downbeat mood for regional markets comes after a difficult start to the week, after U.S. President Donald Trump announced last weekend that he would impose a 30% tariff on goods imported from the EU starting Aug. 1. Hope that the bloc will negotiate a trade deal with the White House before the end of the month was outweighed Tuesday by global growth concerns after data showed U.S. inflation rose to 2.7% from 2.4% in June. — Holly Ellyatt The ASML logo is seen at its headquarters in Veldhoven, Netherlands, on June 16, 2023. Piroschka Van De Wouw | Reuters Earnings season is upon us, with ASML , Richemont and Handelsbanken announcing their latest financial results on Thursday. On the data front, we have the latest U.K. inflation print for June and EU trade data. — Holly Ellyatt


CNBC
10-07-2025
- Business
- CNBC
Stock futures are flat after S&P 500, Nasdaq rally to new closing records: Live updates
Traders work on the floor of the New York Stock Exchange (NYSE) on July 07, 2025, in New York City. Spencer Platt | Getty Images News | Getty Images U.S. equity futures were little changed Thursday evening after investors continued piling into risk assets, sending the S&P 500 and Nasdaq Composite to new closing records. Futures tied to the benchmark S&P 500 fell 0.04%. Nasdaq 100 futures were lower by 0.01%. Dow Jones Industrial Average futures slipped 32 points, or 0.07%. In regular trading, the broad market S&P gained 0.27% to end the day at 6,280.46, while the tech-focused Nasdaq finished higher by 0.09% at 20,630.67. The Dow advanced 192 points, or 0.43%, closing at 44,650.64. The moves came as investors shrugged off any worries around the latest trade developments, including a 50% U.S. tariff on imported copper that President Donald Trump announced Wednesday night, as well as a 50% tariff on Brazil. The rally in stocks began Wednesday, after Nvidia briefly touched a $4 trillion market cap for first time, launching a rally in tech names. On Thursday, consumer discretionary was the top performing sector in the market. The economy needs to continue to stay resilient, however, for the rally to be sustainable, warned Drew Pettit, Citi's U.S. equity strategy director. "Structurally, we're not there yet. Fundamentally, I don't think we're there yet," he told CNBC's "Closing Bell Overtime" Thursday. "If you want these types of sectors to continue to outperform more than just a tactical trade, you're going to need the macro data to hold in there and the Fed to cut rates. It's not an either or, structurally, I think it's both and we're not quite there." The major averages are on pace to end the week little changed, with the Dow hovering just under the flat line on a weekly basis and the S&P and Nasdaq higher by less than 1%. Investors are looking ahead to the Treasury Department's monthly treasury statement at 2 p.m. ET Friday.


CNBC
09-06-2025
- Business
- CNBC
European markets head for higher open; U.S.-China trade talks to take place in London
LONDON, ENGLAND - MARCH 24: A red London double decker bus and a UPS delivery van pass across Waterloo Bridge in front of St. Paul's Cathedral on March 24, 2025 in London, United Kingdom. (Photo by) John Keeble | Getty Images News | Getty Images Good morning from London! This is CNBC's live blog covering all the action in European financial markets as the new trading week begins. Futures data from IG suggests London's FTSE will open 7 points higher at 8,836, Germany's DAX up 3 points at 24,296, France's CAC 40 up 5 points at 7,801 and Italy's FTSE MIB 13 points higher at 40,595. Global market focus will be on U.S.-China trade talks which are expected to take place in London on Monday. President Donald Trump announced Friday that Treasury Secretary Scott Bessent and two other Trump administration officials will meet with their Chinese counterparts in the capital as efforts to negotiate a trade deal continue. In other news, CNBC will be at London Tech Week this week with Nvidia CEO Jensen Huang set to deliver a keynote speech on Monday morning. There are no other major earnings or data releases due. — Holly Ellyatt Traders work on the floor at the New York Stock Exchange (NYSE), on the day of Circle Internet Group's IPO, in New York City, U.S., June 5, 2025. Brendan McDermid | Reuters U.S. equity futures were mostly flat overnight, with the S&P 500 trading near a record high and a busy week of potential market-moving news ahead. U.S, inflation data is expected to be a key topic later in the week. The latest consumer price index is due out on Wednesday, followed by the producer price index on Friday. Traders will be looking for clues about how the current tariff rates are affecting the economy. — Holly Ellyatt, Amala Balakrishner, Jesse Pound