Tower Bridge and The Shard astatine sunset, London
Laurie Noble | Stone | Getty Images
LONDON — European stocks are expected to unfastened successful antagonistic territory connected Tuesday arsenic the specter of caller commercialized tariffs lingers, hurting marketplace sentiment.
The U.K.'s FTSE index, Germany's DAX, and France's CAC 40 are each seen opening astir 0.2% lower, portion Italy's FTSE MIB is expected to unfastened 0.26% lower, according to information from IG.
Regional bourses fell connected Monday arsenic traders reacted to U.S. President Donald Trump's menace to hike tariffs on European countries if they reason his bid to bargain Greenland.
The marketplace slump comes aft Trump announced connected Saturday that eight European allies would look expanding tariffs, starting astatine 10% connected Feb. 1 and rising to 25% connected June 1, if a woody is not reached that allows Washington to "buy" Greenland, a semi-autonomous territory that's portion of Denmark.
The projected tariffs would people Denmark, Norway, Sweden, France, Germany, the U.K., the Netherlands, and Finland, Trump said. European leaders person hit backmost against the tariffs and person called for much dialog with the U.S.
Focus connected Tuesday volition crook to the World Economic Forum successful Davos, Switzerland. The forum steps up a cogwheel contiguous with cardinal speeches from high-profile delegates, including European Commission President Ursula von der Leyen, Vice Premier of China He Lifeng, and French President Emmanuel Macron. Trump is owed to code the forum connected Wednesday.
CNBC is successful Davos and volition beryllium interviewing a wide scope of CEOs and authorities leaders astatine the forum. Follow our online sum here.
There are nary large net oregon information releases successful Europe connected Tuesday.
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