- February 4, 2025
- By: Admin1_blog
- EU Market, Indices
Holly Ellyatt
European stocks are heading for a higher open Tuesday as global markets breathe a sigh of relief after U.S. President Donald Trump paused planned tariffs on goods from Canada and Mexico.
Global markets slumped on Monday as investors reacted to Trump’s decision to impose trade tariffs on Canada, Mexico and China, and threatened to introduce levies on goods from the European Union and U.K.
The pan-European Stoxx 600 traded lower throughout Monday’s session with all sectors firmly in negative territory. Carmakers, tech and industrial stocks were the worst performers.
Market sentiment was boosted overnight as Trump announced a 30-day pause on tariffs on Mexico, then Canada. The pauses came after both countries agreed to take steps toward preventing the trafficking of opioid fentanyl into the U.S.
China announced early Tuesday morning that it would levy tariffs of up to 15% on select U.S. imports, including on crude oil, some vehicles and farm equipment, starting Feb. 10. The move is a response to Trump’s decision to impose duties of 10% on Chinese imports, starting Tuesday.
Earnings come from UBS, OMV, Amundi, Vodafone, BNP Paribas, Dassault Systemes, Infineon, Diageo, Spotify and Intesa Sanpaolo on Tuesday. There are no major data releases.
CNBC Pro: How DeepSeek’s new AI models are already impacting profits at companies
China’s DeepSeek shook global stock markets after revealing that it had built a powerful artificial intelligence model for a mere $6 million.
While some have disputed the shockingly low cost of developing the AI models, most agree that DeepSeek has sharply cut the ongoing cost of running powerful AI models and the Chinese firm’s decision to release its technology for free has altered the course of the industry.
CNBC Pro spoke to Roadzen, a Nasdaq-listed firm attempting to disrupt the insurance sector, and OODA AI, a Sweden-listed AI service company, on how DeepSeek’s new AI models are set to impact their operations and financials.
— Ganesh Rao, Chloe Taylor
European markets: Here are the opening calls
European markets are expected to open higher Tuesday.
The U.K.’s FTSE 100 index is expected to open 8 points higher at 8,581, Germany’s DAX up 65 points at 21,462, France’s CAC up 6 points at 7,851 and Italy’s FTSE MIB up 18 points at 36,360, according to data from IG.
On Tuesday, earnings come from UBS, OMV, Amundi, Vodafone, BNP Paribas, Dassault Systemes, Infineon, Diageo, Spotify and Intesa Sanpaolo. There are no major data releases Tuesday.
— Holly Ellyatt
Source : cnbc
