Overview

• European markets opened lower on Thursday, with the STOXX 600 down 0.3%, reflecting uncertainty after a two-day relief rally stalled.
• U.S. stock futures declined as investors weighed conflicting signals on U.S.-China trade policy and mixed corporate earnings results.
• Treasury Secretary Scott Bessent stated that U.S. tariffs on China are unsustainable but ruled out unilateral reductions, adding to market uncertainty.
• President Trump reaffirmed his decision not to dismiss Federal Reserve Chair Jerome Powell, easing concerns over monetary policy stability.
• Corporate earnings painted a mixed picture, with Adidas exceeding expectations while Kering and BNP Paribas reported weaker results.