From CNBC: 2025-05-01 02:19:00

Shoppers hit Oxford Street in London after Trump’s trade tariffs, including a 10% UK levy. The UK’s FTSE 100 set to open higher, extending its best run in over eight years. Euro zone GDP grew by 0.4%, boosting economic sentiment. European stocks overall weakened in April due to US tariff policy impact.

Earnings this week show European companies warning of price rises and uncertainty due to tariffs. UBS, Deutsche Bank, and Barclays beat expectations. Max Kettner of HSBC suggests playing defense in the market. US stock futures rise after Big Tech earnings beats from Meta Platforms and Microsoft. Stock exchanges in Germany, France, and Italy are closed.



Read more at CNBC:: UK stocks, US data in focus as European markets close for May Day