FX.co ★ European Markets Poised for Muted Open

European equity markets appeared set for a muted opening on Tuesday, as investors maintained a cautious stance in response to the evolving trade policies of US President Donald Trump. Notably, over the weekend, Trump decided to delay the imposition of a proposed 50% tariff on European Union imports until July 9, a change from the original implementation date of June 1. This announcement marked a shift mere days after the initial declaration, with European Commission President Ursula von der Leyen suggesting that an agreement might be reached before the revised deadline, injecting a measure of hope amidst prevailing uncertainty. Market participants are also focusing their attention on important economic indicators, including June’s German consumer confidence data and May’s French inflation statistics, as they seek further insights into the economic direction of the region. On the corporate earnings front, releases from Spain's Naturgy Energy and the UK's International Distribution Services are eagerly anticipated. During premarket trading, futures for the Euro Stoxx 50 and Stoxx 600 indices were trading flat to slightly lower, mirroring the market's cautious sentiment.