- German DAX futures -0.3%
- UK FTSE futures -0.2%
The focus turns back to trade as Trump said he’ll be sending out letters to countries on tariffs that will go into effect on 1 August. The 10% tariffs now will be the floor and he said that some countries might get up to 20% but some might even see 60% to 70% tariffs. So, we’ll see. In any case, that is putting the risk mood on the defensive with S&P 500 futures also down 0.3%
Eurostoxx futures -0.4% in early European trading