European stocks expected to open lower due to UK bank holiday, US futures also down. President Trump hints at trade deals, Fed and BoE rate decisions in focus. Crude prices drop as OPEC+ increases production.

From NASDAQ.: 2025-05-05 01:36:00

European stocks are expected to open lower on Monday due to a bank holiday in the U.K. U.S. stock futures also edged lower after a positive streak. President Trump hinted at potential trade deals with some countries and willingness to lower tariffs on China. He also announced a 100 percent tariff on foreign films. The Fed and BoE rate decisions and U.S. service sector data will be in focus this week. Crude prices dropped as OPEC+ increased production. U.S. stocks rose on Friday, with the S&P 500 marking its longest winning streak in over twenty years. Unemployment rate remained unchanged at 4.2 percent. European stocks closed higher on easing U.S.-China trade concerns.



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