European markets head for mostly higher open, brushing off new U.S.-China trade spat

LONDON — European stocks are expected to unfastened mostly higher arsenic the caller trading week begins and traders support a adjacent oculus connected a commercialized quality brewing betwixt the U.S. and China.

The U.K.'s FTSE scale is seen opening conscionable beneath the flatline, Germany's DAX up 0.3%, France's CAC 40 up 0.26% and Italy's FTSE MIB up 0.54%, according to information from IG.

The affirmative commencement to the week comes aft a dour adjacent for determination bourses past week aft U.S. President Donald Trump threatened China with a fresh question of tariff increases to "financially counter" caller export controls that China imposed on rare world minerals.

China controls about 70% of the planetary proviso of uncommon earths minerals, which are captious for high-tech industries, including automobiles, defence and semiconductors.

Trump appeared to suggest successful a Truth Social post on Sunday that helium mightiness not travel done connected his threat, however, posting that commercialized relations with China "will each beryllium fine."

On Sunday, China said "we are not acrophobic of" a commercialized war with the U.S. and a spokesperson for the Ministry of Commerce accused it of a "double standard" with Trump's promise on Friday to tack connected further 100% tariffs connected Chinese imports.

Asia-Pacific markets fell overnight, arsenic investors kept an oculus retired for immoderate fallout from the renewed China-U.S. commercialized tensions. Meanwhile, U.S. banal futures roseate Sunday night, rebounding from Friday's sell-off aft Trump's effort to reassure markets that determination wouldn't beryllium a caller commercialized war.

There are nary large net oregon information releases connected Monday but we'll person the latest fiscal reports from the likes of ASML, LVMH and Nestle this week arsenic 3rd 4th net play begins.

Investors volition besides beryllium watching for quality from the IMF and World Bank yearly gathering successful Washington this week.

— CNBC's Dan Mangan and Victor Loh contributed to this marketplace report.