This is CNBC’s live blog covering European markets.
Good morning, here are the opening calls
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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 Wednesday.
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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.
Money Report
CNBC’s UK Exchange newsletter: Britain was once known as a ‘nation of shopkeepers.’ Now, not so much
Chip giant ASML says it can’t confirm that it will grow in 2026
— Holly Ellyatt
What to keep an eye on today
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
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