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EUROPE BEFORE THE BELL: TARIFF WORRIES ARE BACK
European stocks are set to open lower on Friday, likely pushing regional indexes into negative territory for the week, as focus shifts back to trade as U.S. President Donald Trump's deadline for trade deals looms.
Euro Stoxx 50 futures STXEc1 are down 0.5%, with France set to underperform, contracts on the CAC40 are off 0.7%. FCEc1 The declines follow similar drops in Asia earlier in the day.
Trump said Washington will start sending letters to countries on Friday specifying what tariff rates they will face on exports to the United States, a clear shift from earlier pledges to strike scores of individual deals before a July 9 deadline when tariffs could rise sharply.
The U.S. is closed for the July 4 holiday, so trading could be thinner than usual, and, as a result, jumpier.
On the corporate news front, Air France-KLM AIRF.PA said on Friday it plans to increase its stake in Scandinavian airline SAS to 60.5%, up from 19.9% currently, by acquiring the stakes held by top shareholder Castlelake and Lind Invest.
Also from France, train maker Alstom ALSO.PA said on Friday it had received a 2 billion euro ($2.4 billion) order from the New York Metropolitan Transportation Authority.
EARLIER LIVE MARKETS POSTS
MORNING BID EUROPE-MARKET FOCUS SHIFTS TO TRUMP TARIFF COUNTDOWN CLICK HERE