European stock markets open to close: Tariffs, earnings in focus

European stock markets are set to soar at Monday’s open, as investors parse news on a U.S. tariff exemption for some tech items while earnings season kicks into gear.

U.S. President Donald Trump’s extreme and fast-changing tariff policy has led to one of the most volatile periods on record for global equities. After a strong start to the year in which it had been outperforming U.S. markets, the pan-European Stoxx 600 index is down 8.83% in April so far, while Wall Street’s S&P 500 has lost 4.43%.

Currency and bond markets have also been swept up in the action, with the euro climbing to its highest level against the U.S. dollar for more than three years and the yield on the U.S. 10-year Treasury jumping from 3.99% at the start of the week to 4.49% by Friday.

Meanwhile, investors must also contend with the start of first-quarter earnings season this week, with companies now facing a hugely uncertain trade environment. In Europe, luxury giant LVMH will report after the market close. Stateside, investment bank Goldman Sachs will report.

It is relatively quiet on the data front, but inflation figures will be released in the coming days ahead of the European Central Bank’s April meeting on Thursday.

Asia-Pacific markets gained on Monday, as U.S. stock futures rose.