This is CNBC’s live blog covering European markets.
CNBC Pro: Bitcoin is expected to rally further. Here’s how the pros are investing
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Bitcoin
extended its gains Monday, after coming off an eventful week.
As of 12.16 p.m. Singapore time (12.15 a.m. ET), the cryptocurrency had gained 0.21% against the greenback to $118,368.56.
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Market watchers
CNBC Pro
spoke to remained bullish on bitcoin and saw potential for the cryptocurrency to climb even further in the rest of the year.
CNBC Pro subscribers can read the full story
here
.
— Amala Balakrishner
Here are the opening calls
Good morning from London, and welcome to CNBC’s live blog covering all the action and business news in European financial markets on Monday.
Money Report
Brexit made businesses abandon the UK. Trump’s hefty EU tariffs could bring them back
Singapore dollar exhibits safe-haven currency features. But it’s no yen or Swiss franc — yet
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
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