European stocks are expected to open lower due to rising geopolitical and trade tensions

From Nasdaq: 2025-06-02 01:39:00

European stocks are expected to open lower due to rising geopolitical and trade tensions, with Ukraine launching a drone attack on Russia over the weekend. President Trump announced import tariffs on steel and aluminum will double to 50 percent on June 4, leading to further tensions with China. U.S. Commerce Secretary Howard Lutnick stated tariffs are here to stay, despite legal battles. Asian markets fell, with Chinese manufacturing contracting for a second month. Oil prices rose over 2 percent on reports of more U.S. sanctions on Moscow. U.S. Congress is pushing for more sanctions on Russia’s oil industry. U.S. stocks ended mixed on Friday.



Read more at Nasdaq: European Shares Set To Drift Lower As Trade, Ukraine Tensions Mount