Key Takeaway: European markets are set for a cautious but slightly positive open, as investors digest mixed global cues: political uncertainty in France, new US tariffs, and resilient tech-led gains in the US. The euro is steady, commodities are little changed, and volatility remains elevated ahead of key economic data and central bank updates.
🏦 European Market Futures & Pre-Open Snapshot
Index
Futures Price
Change
% Change
FTSE 100
8,802.50
+25.00
+0.28%
DAX
24,143.45
-49.05
-0.20%
CAC 40
7,739.92
+30.60
+0.40%
EuroStoxx 50
5,350.00
-2.00
-0.04%
IBEX 35
14,690.90
+154.30
+1.06%
Summary: European futures are mixed: the FTSE 100 and CAC 40 point higher, while the DAX and EuroStoxx 50 are slightly lower. The IBEX 35 leads with a strong pre-market gain.
📰 Overnight News & Market Drivers
French Political Uncertainty: President Macron’s call for snap elections after far-right gains in the EU Parliament continues to weigh on French assets and the euro.
US Tariffs: Sweeping new US tariffs on the EU, Switzerland, and India have come into effect, raising global trade tensions and inflation risks.
US Tech Rally: The Nasdaq hit another record, led by strong results from Adobe and continued AI optimism.
Bank of Japan: Left rates unchanged, delaying bond purchase reduction details, which weakened the yen and lifted Japanese equities.
Commodities: Oil and gold are steady after recent volatility; gold remains near record highs as a safe-haven.
💱 Forex & Commodities – Early Moves
Asset/Pair
Latest Price
Change
Trend/Comment
EUR/USD
1.1656
-0.09%
Euro steady, political risk
GBP/USD
1.3445
+0.03%
Pound firm, BoE in focus
USD/JPY
147.23
+0.09%
Yen weaker post-BoJ
Gold
$3,396.78
-0.02%
Near highs, safe-haven demand
Brent Oil
$65.93
-0.72%
Stable, eyes on OPEC/IEA data
Bitcoin
$65,400
—
Rebounding after pullback
🗓️ Economic Calendar – Key Events Today
Time (CET)
Event/Release
Region
Expected Impact
10:00
Italy Industrial Production (Apr)
Italy
Moderate
10:30
Eurozone Sentix Investor Confidence
Eurozone
Moderate
14:30
US Wholesale Inventories (Jun)
US
Low
—
Ongoing: EU Parliament fallout
Europe
High (political risk)
Looking Ahead: The week’s focus is on the US Fed decision (Wednesday), OPEC/IEA oil reports, and further fallout from European political developments.
📊 Technical Levels to Watch
Index
Support
Resistance
FTSE 100
8,758
8,847
DAX
23,805
24,044
EuroStoxx 50
5,270
5,323
CAC 40
7,597
7,673
🔎 What’s Moving Markets This Morning?
Political Risk: French and German assets remain under pressure from EU election results and snap election uncertainty.
Trade Tensions: New US tariffs are raising inflation concerns and could impact European exporters.
Tech Optimism: US tech outperformance is providing some support to global risk sentiment.
Central Banks: Investors await signals from the Fed, ECB, and BoE on rate paths amid mixed inflation and growth data.
Summary: European markets open with a cautious tone, balancing political and trade risks against resilient global tech momentum. Watch for volatility around French assets, currency moves, and any fresh headlines from central banks or the US.
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El Mundo del Trading en los Mercados Financieros 