Overview

• The Stoxx Europe 600 index opened 0.5% lower, while FTSE 100 futures pointed to a slight gain following its record-breaking winning streak.
• Corporate earnings reports drove individual stock movements, with Vestas rising 5% on unexpected profits, Philips falling 1.4% after cutting its profit margin forecast, and Continental gaining 2.8% on better-than-expected results.
• Sino-U.S. trade tensions escalated as China evaluated Washington’s offer for tariff talks, and President Trump announced new 100% tariffs on foreign movies with plans for pharmaceutical tariffs to follow.
• Global markets are closely monitoring the Federal Reserve’s upcoming policy decision, expected to provide insights into the economic impact of recent tariffs.
• Asia-Pacific markets mostly rose despite weakening regional currencies, with the U.S. dollar gaining strength after better-than-expected U.S. service sector data.