{"id":62806,"date":"2025-08-08T05:41:43","date_gmt":"2025-08-08T05:41:43","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2025\/08\/08\/european-shares-seen-higher-at-open-19\/"},"modified":"2025-08-08T05:41:43","modified_gmt":"2025-08-08T05:41:43","slug":"european-shares-seen-higher-at-open-19","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2025\/08\/08\/european-shares-seen-higher-at-open-19\/","title":{"rendered":"European Shares Seen Higher At Open"},"content":{"rendered":"
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European shares are seen opening higher on Friday after U.S. reciprocal tariffs took effect at midnight on Thursday. <\/p>\n

There’s less turbulence with tariffs, but a lot of questions remain as to how they are going to affect consumers and businesses. <\/p>\n

Meanwhile, Federal Reserve Governor Christopher Waller is emerging as one of the top contenders to replace Federal Reserve Chair Jerome Powell alongside Kevin Warsh and Kevin Hassett. <\/p>\n

Waller impressed members of Trump’s team during a recent meeting for his in-depth knowledge of the central bank’s inner workings, Bloomberg News reported on Thursday.<\/p>\n

Asian markets<\/span> were mostly lower, though Japan’s Nikkei surged nearly 2 percent after clarity emerged over U.S. tariffs and SoftBank Group reported a swing back to profit in the first quarter.<\/p>\n

The dollar slipped for a sixth consecutive session and was on track for its longest losing streak since March 2024. <\/p>\n

Gold was little changed below $3,400 per ounce, while oil prices were subdued and headed for their biggest weekly losses since June on fears of oversupply.<\/p>\n

U.S. stocks ended mixed overnight as new U.S. tariffs hit dozens of trading partners and President Trump hinted at chip tariff carveouts.<\/p>\n

Three Federal Reserve officials voiced concerns over the labor market as data showed continuing claims for unemployment benefits reached their highest level since November 2021.<\/p>\n

Meanwhile, Trump tapped Stephen Miran, one of his top economic advisers, to temporarily serve on the Federal Reserve’s Board of Governors.<\/p>\n

The tech-heavy Nasdaq Composite rose 0.4 percent, while the S&P 500 finished marginally lower and the Dow fell half a percent. <\/p>\n

European stocks closed mostly higher on Thursday after reports suggested that U.S. President Trump and Russian President Vladimir Putin are preparing to meet “in the coming days”. The pan-European STOXX 600 gained 0.9 percent.<\/p>\n

The German DAX climbed 1.1 percent and France’s CAC 40 rallied 1 percent while the U.K.’s FTSE 100 declined 0.7 percent as the Bank of England cut its benchmark interest rate for the fifth time in a year and hinted that the easing cycle is nearing its end. <\/p>\n<\/p>\n

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