US EditionStock Fluctuate as Trade Relief Fades, Eyes on Data and Earnings
EUROPEAN STOCK MARKETS, JUL 29 – European stocks are poised to rise with gains around 0.2% as investors weigh major corporate earnings and ongoing US-China and EU-US trade negotiations, market data shows.
- Stock markets fell on Tuesday after optimism over US and EU trade deals faded and investors focused on upcoming earnings and data releases.
- This decline followed recent US trade levies averaging 15 percent and a tentative US-EU deal, while US-China negotiations concluded with no details released on Monday.
- Analysts noted that despite the trade relief, trade barriers remain significant, especially for auto companies, and the average US tariff rate is now 18.2 percent.
- Ray Attrill of National Australia Bank noted that although recent developments may appear somewhat positive, the overall outlook remains unfavorable for eurozone growth through 2025, according to market assessments.
- Investors await key earnings from major tech firms, US economic data, and the Federal Reserve's policy meeting, which may indicate borrowing cost plans amid sustained global economic uncertainty.
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Stock fluctuate as trade relief fades, eyes on data and earnings
Stocks were mixed Tuesday as the positivity sparked by recent US trade deals dissipated, with investors now focused on the release of key data and earnings, and the Federal Reserve's next policy meeting.
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Total News Sources19
Leaning Left1Leaning Right5Center5Last UpdatedBias Distribution45% Center, 45% Right
Bias Distribution
- 45% of the sources are Center, 45% of the sources lean Right
45% Right
C 45%
R 45%
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