European Markets Set for Lower Open Ahead of US Data Release
European equity markets are set for a lower open on Tuesday, amid growing concerns that U.S. President-elect Donald Trump could impose higher tariffs on European companies after taking office, raising the risk of a global trade war.
Investors are also eyeing key economic data later in the day, including German inflation figures, economic sentiment indicators and U.K. unemployment figures, which could provide further insight into the region’s economic health. On the corporate front, earnings reports are expected from major companies including Infineon, Bayer and AstraZeneca. In premarket trading, futures on the Euro Stoxx 50 and Stoxx 600 were both down around 1%.
Source: Trading Economics