22-07-2025
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
