United Kingdom Index-linked Treasury Gilt 2049 Auction

Germany 5-Year Bobl Auction

United States NFIB Business Optimism Index

United States Redbook YoY

The CAC 40 index fell 0.2% to around 7,710 on Tuesday, pulling back gains from the previous session as investors turned cautious amid ongoing global trade developments. The US has proposed a baseline 10% tariff on all EU goods, with limited exceptions for sectors like aircraft and spirits, but has not committed to exempting sensitive industries, despite EU requests, according to Politico. Meanwhile, President Trump began issuing formal tariff notifications on Monday, targeting 14 countries, with a revised trade deal deadline pushed to August 1, though he signaled potential flexibility. EU sources said the bloc has not received a formal tariff notice and is seeking exemptions from the proposed baseline levy. On the data front, France’s trade deficit widened to €7.8 billion in May from a downwardly revised €7.7 billion in April, marking the largest gap in eight months. On the corporate side, losses were led by Hermes (-1.1%), LVMH (-0.4%), and L’Oréal (-1%).

French Stocks Retreat on Trade Jitters

The FTSE MIB fell by 0.3% to around 39,790 in early trading on Tuesday as investors assessed new developments on US tariffs. President Trump on Monday sent letters to 14 countries, threatening to impose higher tariffs ranging from 25% to 40%. But at the same time, he left the door open to additional negotiations and pushed off increased duties until at least August 1. Reports indicated that the EU is not among those expected to get a letter. The bloc still aims to reach a trade deal by Wednesday, following what was described as a “good exchange” between European Commission President Ursula von der Leyen and Trump. On the corporate front, notable losses were seen in Stellantis (-2.1%), Diasorin (-1%), and Unipol Gruppo (-0.9%).

Italian Stocks Drop

Iron ore futures rose to around CNY 736 per tonne on Tuesday, snapping a two-day losing streak as US President Donald Trump announced new tariff rates on 14 countries, easing some uncertainty in global markets. He also signed an executive order extending the reciprocal tariff deadline to August 1 from July 9, giving more time for negotiations. However, trade tensions lingered as Beijing warned Washington against reigniting frictions by reimposing tariffs on Chinese goods next month, and threatened countermeasures if China is excluded from key supply chains. Despite the geopolitical backdrop, iron ore prices remained near three-month highs, supported by China’s ongoing efforts to combat deflationary pressures and stabilize its steel sector. The Central Financial and Economic Affairs Commission recently called for tighter oversight of excessive price-cutting by firms, aiming to address persistent issues such as low profit margins and chronic overcapacity in the steel industry.

Iron Ore Rises as Trump Unveils New Tariff Rates

Frankfurt's DAX was little changed around 24,070 on Tuesday, as traders remained focused on the ongoing trade negotiations between the United States and its main partners. President Trump notified Japan, South Korea, and 12 other nations on Monday that, starting August 1, they will be subject to tariffs of at least 25% unless they can swiftly negotiate new trade agreements with the United States, while declaring himself open to negotiations. However, Canada, Mexico, the European Union, and China are all absent from this list, a notable absence that could signal a more advanced state of trade discussions with these partners. According to Politico, the US has proposed an agreement to the European Union that would maintain a basic tariff of 10% on all EU products, with some exceptions for sensitive sectors such as aircraft and alcohol.

Trending Symbols And Events

Most latest news, events and ideas for smart decisions

Latest News