LIVE MARKETS-Europe before the bell: Stock futures steady as tariff show rolls on
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EUROPE BEFORE THE BELL: STOCK FUTURES STEADY AS TARIFF SHOW ROLLS ON
European equity futures are pretty flat on Tuesday as markets digest the latest phase of U.S. President Trump's trade war, which included higher tariffs for Japan and South Korea.
Trump sent letters to 14 countries, including allies Japan and South Korea, detailing the new import levies, which will take effect from August 1.
The European Union has so far been spared additional tariffs by Trump as the original July 9 deadline to reach a deal approaches. EU sources told Reuters on Monday that the bloc will not be receiving a letter setting out a higher tariff rate.
That has left European stock futures little changed. Euro STOXX 50 futures STXEc1 are up less than 0.1%, with futures on the DAX FDXc1, CAC FCEc1 and FTSE FFIc1 all close to unchanged.
Asia-Pac shares .MIAPJ0000PUS were mixed overnight, initially falling but then reversing course as Trump described his new August 1 deadline as "firm, but not 100% firm".
Wall Street stocks .SPX tumbled on Monday but futures EScv1 are inching higher on Tuesday.
(Samuel Indyk)
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