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European stocks set for another lower open as tariff uncertainty dents sentiment
European stocks set for another lower open as tariff uncertainty dents sentiment

CNBC

timea day ago

  • Business
  • CNBC

European stocks set for another lower open as tariff uncertainty dents sentiment

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 Tuesday. Futures data from IG suggest a negative start to the new trading week for European bourses, with London's FTSE 100 seen opening 0.3% lower, France's CAC 40 down 0.3%, Germany's DAX down 0.4%, and Italy's FTSE MIB 0.4% lower. European bourses have been on edge 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 said it hopes to strike a trade deal before then but an agreement remains elusive. The bloc's policymakers are reportedly considering retaliatory measures if a deal can't be reached. U.S. Treasury Secretary Scott Bessent said Monday that implementing high tariff rates on countries starting Aug. 1 "will put more pressure on those countries to come with better agreements." — Holly Ellyatt Traders work on the floor at the New York Stock Exchange in New York City, U.S., July 21, 2025. Brendan McDermid | Reuters U.S. stock futures were little changed early Tuesday after the S&P 500 and Nasdaq Composite hit fresh records in Monday's trading session. The S&P 500 rose about 0.1% and the Nasdaq Composite advanced nearly 0.4% yesterday, with both indexes hitting new all-time intraday highs and closing at records, aided by a pre-earnings jump in Alphabet. The Dow underperformed and ended the day marginally lower. Meanwhile, Asia-Pacific stocks traded mixed overnight, with Japanese stocks reopening higher after the ruling coalition lost its majority in the upper house over the weekend. — Holly Ellyatt

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