European markets open mixed amid fresh U.S. tariff threats

European markets person been unfastened for astir an hr now, and lipid and state stocks are inactive starring determination losses.

The Stoxx Oil and Gas scale was past seen trading 1.3% lower. Oil prices fell aft the OPEC+ confederation agreed to a bigger-than-expected accumulation increase.  

— Chloe Taylor

Shares of French tech steadfast Capgemini person tumbled to the bottommost of the determination Stoxx 600 index, shedding 2.7% by 8:45 a.m. successful London.

The driblet is taking spot aft the institution said it would acquire U.S.-listed WNS successful a $3.3 cardinal currency deal.

— Chloe Taylor

Energy large Shell connected Monday lowered its accumulation guidance for its integrated state part crossed the 2nd 4th and warned of weaker results from its state and chemicals trading units.

In a trading update released up of its second-quarter fiscal results, the steadfast said it present expects integrated state output to beryllium successful a scope of 900,000 to 940,000 barrels of lipid equivalent per time (boe/d), compared with a 890,000 to 950,000 boe/d guidance for the play issued during the company's first-quarter results outlook.

The world's largest trader of liquified earthy state anticipates second-quarter LNG volumes to travel successful betwixt 6.4 cardinal and 6.8 cardinal metric tons, besides beneath a erstwhile estimation of 6.3 cardinal to 6.9 cardinal metric tons.

Shell warned of "significantly lower" trading results successful the 2nd quarter, compared with the erstwhile three-month period, for some its integrated state part and its chemicals and products unit, wherever it anticipates to beryllium "below break-even" implicit the period.

"We spot the merchandise arsenic weak; the weaker trading show was apt expected, nevertheless the trading update points to a importantly worse show successful the downstream than anticipated," RBC Capital Markets analysts said successful a note. "Shell has issued successive affirmative trading updates implicit the past mates of years, and it looks similar the affirmative streak has been broken."

Shell shares were down 2.18% astatine 08:13 a.m. London clip aft the release.

— Ruxandra Iordache

We're 10 minutes into the archetypal trading league of the week, and European stocks are trading successful mixed territory.

The pan-European Stoxx 600 was past seen hovering conscionable beneath the flatline, with nary statement question among determination sectors.

Major bourses are besides moving successful other directions, with London's FTSE 100 down 0.1%, the French CAC 40 small changed, and Germany's DAX gaining 0.4%.

— Chloe Taylor

French tech steadfast Capgemini announced connected Monday that it volition bargain U.S.-listed WNS successful a $3.3 cardinal currency deal.

That translates to $76.50 per stock successful the exertion outsourcing steadfast — a 17% premium connected its July 3 closing price.

Capgemini is aiming to capitalize connected WNS' generative and agentic artificial quality offerings, which it said would pull important investments.

— Emilia Hardie

The U.K.'s largest residential state and energy supplier, Octopus Energy, is readying a £10 cardinal ($13.6 billion) demerger of its exertion limb Kraken, Britain's Sky News reported implicit the weekend. 

The demerger is reportedly expected to instrumentality spot wrong the adjacent 12 months.

— James Tillotson

China's Finance Ministry said connected Sunday that it was restricting authorities purchases of aesculapian devices from the EU if they exceeded 45 cardinal yuan ($6.3 million). It's a retaliation against the bloc saying past period it would prohibition Chinese firms from competing for EU nationalist tenders for aesculapian devices worthy much than 60 cardinal euros ($70 billion) a year.

Read much here.

— Chloe Taylor

Good greeting from a precise grey London.

Europe-listed shares look acceptable for a mixed unfastened today. Futures tied to the determination Stoxx 50 were past seen trading 0.1% higher, portion those tied to London's FTSE 100 and the German DAX were past 0.2% little and 0.2% higher, respectively.

Futures tied to France's CAC 40 are astir 0.3% little this morning.

— Chloe Taylor

U.S. President Donald Trump has threatened an further 10% tariff connected countries that orient themselves on the "Anti-American policies of BRICS."

Trump's announcement, which did not elaborate connected immoderate circumstantial argumentation of BRICS, came arsenic the group's gathering is underway successful Rio de Janeiro, Brazil.

The bloc's leaders took purpose astatine Trump's sweeping tariff policies in a associated connection dated July 6, informing against "unjustified unilateral protectionist measures, including the indiscriminate summation of reciprocal tariffs."

Read much here.

— Anniek Bao