FX.co ★ European Markets Poised for Lower Open

European equity markets anticipated a lower opening on Tuesday, continuing the previous session's declines as investors took profits following a robust rally earlier in the month. The sentiment was further dampened by renewed trade tensions after reports surfaced that US President Donald Trump threatened to impose "200% tariffs or something" on China should it fail to export rare-earth magnets to the United States. Additionally, Trump announced plans to introduce "substantial" new tariffs and impose chip restrictions on countries with digital tax regimes. Further heightening concerns, Trump disclosed the removal of Federal Reserve Governor Lisa Cook over allegations of mortgage fraud, sparking questions about the Fed's independence and its capacity to uphold monetary policy devoid of political influence. In Europe, attention will shift to the French consumer confidence data for August, with no major corporate earnings scheduled for release. In premarket trading, Euro Stoxx 50 futures declined 0.5%, while Stoxx 600 futures fell 0.2%.