The U.K.’s FTSE 100 index is expected to open 12 points higher at 8,707, Germany’s DAX up 27 points at 21,788, France’s CAC up 13 points at 7,971 and Italy’s FTSE MIB 15 points higher at 37,172, according to data from IG.
It remains to be seen whether European markets can evade negative sentiment that’s denting investor confidence elsewhere; Asia-Pacific markets fell overnight, tracking U.S. stocks futures that were lower as escalating trade tensions dampened sentiment.
U.S. President Donald Trump told reporters Sunday that he was planning to announce a blanket 25% tariff on all steel and aluminum imports on Monday, according to Reuters. Last Friday, the three key U.S. indexes fell after Trump said he was planning reciprocal tariffs on trading partners.
Earnings come from Mediobanca on Monday. Other reports to look out for on Monday include the Munich Security Report. The annual report is published ahead of the MSC Munich Security Conference which begins on Friday, and serves as a basis for discussion at the conference.
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