London: European stock markets opened in a wait-and-see position on Tuesday, flattening at Ceputang Wadi at the gates as investors waited for key updates on global trade tensions and U.S. monetary policy along with the corporate earnings reports.
The Pan-Euro STOXX 600 index was flat at 537.35 as of 07:11 GMT. Confirming the prevailing uncertainty in markets ahead of what's likely to be a momentous week for financial policy and international trade.
"Attention" refers to whether trade relations between the United States and China cool down when last week the latter acknowledged that it is considering a U.S. proposal for reinitiating talks to settle the tariff disputes.
President Trump's latest pronouncement of a 100 percent tariff on foreign movies, then the other one about tariffs on medicines, raised fresh cases of a heightened trade quarrel.
As no solid solutions are available, markets now await the U.S. Federal Reserve policy meeting on Wednesday.
That expectation he made will withhold interest rates much. Investors thus concern themselves at noting how the central bank views the new tariffs possibly affecting inflation, consumer spending, and growth of the economy overall.
Moving by corporate segment, thereby giving an action to individual European stocks in terms of earnings updates. Vestas, Denmark's maker of wind turbines, rallied nearly 5% on posting surprise operating losses.
[Source Credit: Business Recorder]
