European Stocks Rise as Investors Focus on Tariffs and Earnings
European markets opened higher on Wednesday as investors watched global trade tensions and prepared for a busy earnings day.
Futures data from IG signaled a positive start. London’s FTSE 100 was set to open 0.35% higher. Germany’s DAX rose 0.25%, France’s CAC 40 advanced 0.25%, and Italy’s FTSE MIB climbed 0.34%.
Trump Signals New Semiconductor Tariffs
US President Donald Trump said he will announce new tariffs on semiconductors and chips next week.
“We want semiconductors made in the United States,” Trump told CNBC on Tuesday.
The announcement raised concerns about trade friction. Asia-Pacific markets closed mixed overnight. US stock futures were flat as investors reacted to the tariff warning and corporate earnings.
Key Earnings to Watch in Europe
Several major companies are reporting earnings today. These include:
- Novo Nordisk
- Siemens Energy
- Generali
- Glencore
- Ahold Delhaize
- Fresenius
- Commerzbank
Commerzbank CEO Manfred Knof warned that a “mild recession” is still possible in Europe.
Economic Data in Focus
Investors are also waiting for EU retail sales data, due at 10:00 a.m. London time. The report will offer clues about consumer spending strength.