European shares open higher as global trade holds spotlight

European shares moved higher at this morning’s open. The pan-European Stoxx 600 was final seen up by 0.3%, with most sectors in optimistic territory.

London’s FTSE 100, up 0.3%, is main positive factors amongst main regional bourses.

— Chloe Taylor

We’re coming to the tip of Europe’s company earnings season — here is what we have realized thus far.

Research by Deutsche Bank reveals full-year earnings estimates are down 10% for the reason that last quarter of 2024. That being mentioned, relating to steering updates, the lender factors out that extra firms raised, quite than lowered, their steering for the second quarter.

More than 1 / 4 of companies upgraded their steering in the latest quarter, with solely 17% downgrading their outlooks.

Those companies which have downgraded their steering are centered within the chemical compounds and autos sectors, with tariffs and foreign exchange headwinds cited as the important thing driver of these cuts. Looking forward, Deutsche Bank sees extra cause for optimism, saying the trade deal between the EU and the U.S. gives extra visibility, and that it expects companies to hike the decrease finish of their steering.

— Jordan Butt

The finish of the three-month trade truce between the U.S. and China is imminent.

Back in May, delegates from Washington and Beijing agreed on a deal that may droop most tariffs for 90 days. Under the settlement, so-called “reciprocal” tariffs between the 2 international locations had been lower from 125% to 10%, with the U.S. additionally maintaining its 20% duties regarding fentanyl imports in impact.

Investors are awaiting information on what’s subsequent for the fraught buying and selling relationship.

Asia-Pacific shares were muted on Monday with the upcoming tariff deadline influencing sentiment.

Read CNBC’s latest coverage on the U.S.-China deal.

— Chloe Taylor

Good morning from London and welcome to a different week of dwell information on what’s transferring European markets.

Regional shares look set to rise barely at right now’s open. Futures tied to the DAX and the CAC 40 had been final seen buying and selling 0.17 and 0.15% higher, respectively. Those tied to London’s FTSE 100 are at the moment hovering simply above the flatline.

— Chloe Taylor