Forex news and forex forecasts

01/07/2025 12:14

Europe: Markets Poised for Modest Gains.

European equity markets were set to open slightly higher on Tuesday as investors awaited further developments in US trade negotiations, with President Donald Trump’s 90-day reprieve on sweeping reciprocal tariffs set to expire next week. Focus in Europe will also turn to key economic data, including preliminary Eurozone inflation figures that could shape expectations for the European Central Bank’s interest rate outlook. Additional data releases include German unemployment figures and UK nationwide house prices. On the corporate front, earnings reports from Sainsbury’s and Sodexo are due, potentially influencing sector sentiment. In early premarket trading, futures pointed to a cautious but positive start, with Euro Stoxx 50 and Stoxx 600 futures up 0.1% and 0.2%, respectively.