European stocks expected to open higher, mixed market reactions to Trump's tariffs and tax bill

From Nasdaq: 2025-07-02 01:36:00

European stocks may open higher as investors watch trade negotiations and assess the economic impact of Trump’s tax-cut. U.S. futures rise ahead of ADP jobs report, expecting 120,000 new jobs in June. Asian markets mixed as Trump threatens tariffs on countries. Dollar near 3.5-year low, gold firm, oil prices marginally higher. U.S. stocks end mixed as Senate approves tax cuts and Powell plans to wait on rate cuts. Two-year Treasury yield rises, manufacturing activity improves. European stocks close lower on ECB forum in Portugal, STOXX 600 eases 0.2%.

House Republicans voice concern over Senate tax-cut bill adding to deficit. European economic calendar light, focus on unemployment figures from Spain, Italy. Trump threatens tariffs on Japan, signals possible extensions for major trade pacts. Treasury Secretary hints at trade deal by Labor Day holiday. Stocks end mixed, Dow jumps to four-month high, S&P 500 slides, Nasdaq declines. German DAX loses 1%, France’s CAC 40 ends lower, U.K.’s FTSE 100 rises 0.3%.



Read more at Nasdaq: European Shares Seen Broadly Higher, Trump’s Tariffs And Tax Bill In Focus