{"id":62672,"date":"2025-08-05T05:37:21","date_gmt":"2025-08-05T05:37:21","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2025\/08\/05\/european-shares-set-to-open-on-firm-note-7\/"},"modified":"2025-08-05T05:37:21","modified_gmt":"2025-08-05T05:37:21","slug":"european-shares-set-to-open-on-firm-note-7","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2025\/08\/05\/european-shares-set-to-open-on-firm-note-7\/","title":{"rendered":"European Shares Set To Open On Firm Note"},"content":{"rendered":"
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European stocks are seen opening higher on Tuesday as investors await the next batch of earnings and any new developments on the trade front.<\/p>\n

Tech stocks may rise after Palantir Technologies topped Wall Street’s estimates and hiked its full-year guidance, signaling robust demand for artificial intelligence services.<\/p>\n

As the U.S. earnings season wraps up, investors now await earnings from Walt Disney and Caterpillar for further direction. <\/p>\n

On the trade front, the European Union said it will suspend its two packages of countermeasures to U.S. tariffs due to enter into force on August 7 for six months, following a deal with U.S. President Donald Trump agreed on July 27.<\/p>\n

EU officials expect more executive orders to follow this week to formalize the bloc’s lower levies for cars and grant exemptions from levies for some industrial goods such as aviation parts.<\/p>\n

Meanwhile, the Swiss government said it remained in contact with U.S. authorities about the tariffs and “continues to strive for a negotiated solution,” after last week’s shock announcement of 39 percent levies on exports to America.<\/p>\n

In economic news, Eurozone’s PMI release, the producer price index and the U.K.’s latest services PMI will be in the spotlight as the session progresses. <\/p>\n

Across the Atlantic, reports on the U.S. trade deficit and service sector activity may garner some attention. <\/p>\n

Asian markets<\/span> followed Wall Street higher on the back of positive earnings reports and U.S. rate cut expectations as the job market softens. <\/p>\n

San Francisco Federal Reserve Bank President Mary Daly on Monday said that “every meeting going forward is a live meeting to think about policy adjustments.” <\/p>\n

The dollar wavered and gold slipped below $3,370 per ounce while oil extended losses for a fourth day on oversupply concerns. <\/p>\n

U.S. stocks rose sharply overnight, reversing the steep losses seen in the previous session on jitters about President Trump’s new modified tariff rates.<\/p>\n

In economic news, data showed factory orders, a key indicator of the health<\/span> of the manufacturing sector, fell sharply in June as expected.<\/p>\n

The S&P 500 rallied 1.5 percent to snap a four-day losing run amid optimism about interest-rate cuts. The tech-heavy Nasdaq Composite surged 2 percent and the Dow advanced 1.3 percent.<\/p>\n

European stocks rebounded on Monday after falling by the most in the previous session. The pan European STOXX 600 gained 0.9 percent.<\/p>\n

The German DAX climbed 1.4 percent, France’s CAC 40 added 1.1 percent and the U.K.’s FTSE 100 rose 0.7 percent. <\/p>\n<\/p>\n

Business News<\/p>\n<\/div>\n