STOXX 600 down 0.3%
Trade concerns persist
Chemicals stocks underperform after earnings
Wall St futures flat
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CAUTIOUS START
Most major European equity markets are a touch softer on Tuesday as trade worries persist with Trump's August 1 deadline to reach deals approaching.
The European Union remains in talks with the U.S. but on Monday the bloc signalled it plans to ramp up retaliation plans should discussions fail to reach an deal.
That has left equity markets a little shaky. The pan-continental STOXX 600 .STOXX is down 0.3%, with breadth negative as decliners outpace advancers by about 3.7:1.
Major bourses in Frankfurt .GDAXI and Paris .FCHI are shedding 0.4%-0.5%, while Britain's FTSE .FTSE is near flat after closing above 9,000 points for the first time on Monday.
Chemicals .SX4P shares underperform, weighed by Switzerland's Givaudan GIVN.S and Dutch-listed paint maker Akzo Nobel AKZO.AS after earnings.
Here's your opening snapshot:
(Samuel Indyk)
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EARLIER LIVE MARKETS POSTS:
EUROPE BEFORE THE BELL: FUTURES LOWER AS MARKETS WATCH EARNINGS, TRADE TALKS CLICK HERE
EUROPE INC BRACES FOR PAIN FROM A STURDY EURO CLICK HERE
The euro has surged 15% against the dollar this year https://reut.rs/3Ufh8TV
Expectations of Q2 2025 STOXX 600 earnings' year-on-year growth rate https://reut.rs/3GMUQFY
European stocks suffer nervy start https://reut.rs/3Unoyo7