European markets expected to open mixed on positive tariff news, negative trade tensions with US.

Stock markets in Europe are expected to open mixed due to relief over tariff deadline extension to August 1 and warnings of fresh tariffs on BRICS-aligned countries. The 17th BRICS Summit began in Brazil. US markets closed positively on Thursday with Dow Jones up 0.77% and Nasdaq at a record high. European markets closed negatively on Friday due to ongoing trade tensions with the US. Current indications show mildly positive sentiment in European stock futures. American stock futures are trading below the flatline. Asian markets are mostly negative. Dollar Index is at 97.15. Gold prices softened, while oil prices tumbled due to OPEC+ output hike in August. Major data and earnings updates expected.

Read more at Nasdaq: European Markets Seen Opening Mixed On Monday