{"id":66097,"date":"2025-11-03T05:40:33","date_gmt":"2025-11-03T05:40:33","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2025\/11\/03\/european-shares-set-for-mixed-open-4\/"},"modified":"2025-11-03T05:40:33","modified_gmt":"2025-11-03T05:40:33","slug":"european-shares-set-for-mixed-open-4","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2025\/11\/03\/european-shares-set-for-mixed-open-4\/","title":{"rendered":"European Shares Set For Mixed Open"},"content":{"rendered":"
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European stocks are seen opening broadly higher on Monday, though French markets<\/span> may drift lower after the National Assembly voted down dual proposals to tax the ultra-wealthy, dealing a blow to left-wing lawmakers who had made fiscal reform their condition for passing the budget. <\/p>\n

U.S. stock futures ticked higher after the White House issued a fact sheet outlining some details of the trade pact agreed to earlier this week by Donald Trump and Xi Jinping.<\/p>\n

It was said that Beijing will suspend new export controls on rare earth metals and end investigations into U.S. firms in the semiconductor supply chain.<\/p>\n

The Trump administration is prepared to raise tariffs on China if Beijing continues blocking rare earth exports, Treasury Secretary Scott Bessent warned on Sunday.<\/p>\n

Asian stocks were mixed, with Japanese markets closed for a holiday. A private survey showed earlier today that China’s factory activity expansion slowed in October as new orders and output both waned amid tariff anxiety.<\/p>\n

The U.S. dollar hovered near a three-month high ahead of key ADP employment data and ISM PMI figures due this week. <\/p>\n

Friday’s nonfarm payrolls report is likely to be delayed due to the ongoing U.S. government shutdown, which is set to drag into sixth week. <\/p>\n

Gold was little changed at $4,000 an ounce after China decided to end the old tax exemption on gold in a potential setback for consumers in one of the world’s top bullion markets.<\/p>\n

Oil traded higher after OPEC+ on Sunday agreed a small oil output increase for December and signaled a pause in increases in the first quarter of next year, reflecting market concerns about an oversupply.<\/p>\n

U.S. stocks ended a choppy session mostly higher on Friday as Amazon reported strong quarterly results and Netflix’s board approved a ten-for-one stock split.<\/p>\n

The tech-heavy Nasdaq Composite gained 0.6 percent, the S&P 500 rose 0.3 percent and the Dow inched up marginally.<\/p>\n

European markets closed on a weak note Friday after the release of mixed quarterly results and a benign euro zone inflation report.<\/p>\n

The pan European Stoxx 600 ended half a percent lower, marking its fourth straight losing session.<\/p>\n

The German DAX dipped 0.7 percent, France’s CAC 40 gave up 0.4 percent and the U.K.’s FTSE 100 shed 0.4 percent. <\/p>\n<\/p>\n<\/div>\n