European stocks expected to open higher, positive sentiment due to delay in auto tariffs

From Nasdaq: 2025-03-06 00:35:46

European stocks are expected to open slightly higher after a one-month delay on tariffs affecting cars entering the U.S. from Canada and Mexico was announced by the Trump administration. However, broader duties on Canada and Mexico remain in effect with no resolution in sight. The U.S. economic calendar is light today, with reports on jobless claims and the trade deficit due. Retail giants like Macy’s and Costco will unveil their earnings. The European Central Bank and Turkey’s counterpart will deliver interest-rate decisions. A global bond selloff in Asia pushed Japanese benchmark yields to the highest in over a decade.

Asian stocks traded mostly higher, with Chinese and Hong Kong markets leading gains. Gold was marginally lower, while oil prices recovered after declining for four consecutive sessions. U.S. stocks rose sharply following reports of a potential one-month delay in auto tariffs on Canada and Mexico. Economic data in the U.S. showed private payrolls increasing at the slowest pace in seven months and rebounding new orders for manufactured goods in January.

European stocks closed on a positive note Wednesday amid tariff relief hopes, Germany’s debt policy overhaul, and potential stimulus for the Chinese economy. The STOXX 600 gained 0.9 percent, with the German DAX soaring 3.4 percent, France’s CAC 40 climbing 1.6 percent, and the U.K.’s FTSE 100 finishing marginally lower.



Read more at Nasdaq: European Shares Seen Tad Higher At Open