FX.co ★ European Markets Head for Lower Open

European equity markets seemed poised for a subdued opening on Monday as investors displayed wariness amidst ongoing trade uncertainties. Recently, US President Donald Trump declared a 30% tariff imposition on goods imported from the European Union, scheduled to commence on August 1. Although the European Union has expressed optimism regarding negotiations for a trade agreement before this deadline, no deal has yet materialized. US Commerce Secretary Howard Lutnick emphasized that the August 1 deadline is firm for initiating tariff payments, though he acknowledged that discussions are set to continue in the interim. With no major economic data or significant earnings announcements expected in Europe today, the focus remains squarely on trade developments. In early market trading, futures for Euro Stoxx 50 and Stoxx 600 were seen dipping by 0.3% and 0.2%, respectively.