European shares expected to open higher despite global trade tensions

From Nasdaq: 2025-03-05 00:29:30

European stocks are expected to open higher after U.S. President Trump’s trade war led to new tariffs from Mexico, Canada, and China. U.S. Commerce Secretary hinted at possible relief for Canada and Mexico, including reducing the new tariffs. Meanwhile, Beijing announced plans for economic growth and fiscal support to counter deflation and rising tariffs. In China, the services sector grew more than expected in February. Oil prices fell for the third day due to demand concerns. U.S. stocks dropped amid trade tensions. European stocks also fell, with STOXX 600 tumbling 2.1 percent.



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