European Shares Seen Flat To Higher At Open

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(RTTNews) - European stocks may open flat to slightly higher on Tuesday as investors evaluate mixed messages from the Trump administration on the tariffs front.

U.S. stock futures slipped after the S&P 500 posted back-to-back winning sessions. U.S. President Donald Trump on Monday suggested that he might temporarily exempt the auto industry from tariffs he previously imposed on the sector, to give carmakers time to adjust their supply chains.

At the same time, the U.S. has launched an inquiry to impose new Trump tariffs on exempted pharma, chip imports, fueling a sense of uncertainty and confusion about Trump's intentions and end goals.

Meanwhile, UBS has cut its China GDP growth forecast to 3.4 percent for 2025 assuming that current tariff hikes will remain and China rolls out additional stimulus.

Investors also await a fresh batch of first-quarter earnings reports from prominent names like Bank of America, Citigroup, Johnson & Johnson and PNC Financial for direction.

In economic news, the latest readings on March's U.S. import and export price indexes as well as the New York Federal Reserve's Empire State Manufacturing Survey results may garner some attention later in the day.

U.K. retail sales increased in March as improving weather boosted house and garden related purchases, the British Retail Consortium said earlier today.

Retail sales grew 1.1 percent on a yearly basis in March. However, this was slower than the 3.5 percent growth in the same period last year.

Asian markets were mixed this morning, with South Korea and Japan logging strong gains.

Treasuries were steady and the dollar index edged higher while gold was slightly lower. Oil traded higher, with U.S.-Iran discussions in focus.

U.S. stocks rose in a choppy session overnight as tech shares surged following a surprise U.S. tariff exemption of smartphones and computers, as well as other devices and components such as semiconductors, from President Trump's new "reciprocal" tariffs.

The Dow and the S&P 500 both climbed around 0.8 percent while the tech-heavy Nasdaq Composite added 0.6 percent.

European stocks ended Monday's session on a buoyant note as investors cheered news of a U.S. tariff exemption for some tech items.

The pan European STOXX 600 climbed 2.7 percent. The German DAX jumped 2.9 percent, France's CAC 40 rallied 2.4 percent and the U.K.'s FTSE 100 gained 2.1 percent.

New Zealand Card Retail Sales Data Due On Thursday

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U.S. Dollar Declines After Softer-than-expected Inflation Data

The U.S. dollar dropped against its major counterparts in the New York session on Wednesday, as the consumer price index came in softer than expected in May.

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Swiss Market Fails To Hold Early Gains, Settle Modestly Lower

The Switzerland market ended modestly lower on Wednesday despite spending much of the day's trading session in positive territory. Although the market gained some ground in positive territory, reacting to news about U.S. and Chinese officials reaching a framework to implement the Geneva consensus following two days of discussions in London, the mood turned cautious later on in the session.

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European Stocks Pare Early Gains, Close Mostly Lower

Despite U.S. and Chinese officials announcing an agreement in principle on a framework to ease trade disputes, European stocks failed to hold early gains and closed mostly lower on Wednesday, with the mood turning cautious as the plan is subject to approval by the presidents of the two nations.

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TSX Hits Fresh Record High; Technology, Consumer Discretionary Stocks Shine

The Canadian market is modestly higher a little past noon on Wednesday, after hitting a fresh record high earlier in the session, amid easing Sino-US trade tensions, somewhat tame U.S. consumer price inflation data, and higher crude oil prices.

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ECB Indicator Shows Eurozone Wage Growth To Slow Sharply To 3.1% This Year

A measure, based on the collective bargaining agreements in the euro area, suggested that negotiated wage growth is set to ease significantly this year, the European Central Bank said on Wednesday, which adds to expectations of inflation staying near the 2 percent target.

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U.S. Consumer Prices Inch Up 0.1% In May, Slightly Less Than Expected

A closely watched report released by the Labor Department on Wednesday showed a slight increase by consumer prices in the U.S. in the month of May. The Labor Department said its consumer price index inched up by 0.1 percent in May after rising by 0.2 percent in April. Economists had expected another 0.2 percent increase.

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Bay Street Seen Opening On Mixed Note

It's likely to be a mixed start for Canadian shares on Wednesday with investors reacting to the crucial U.S. consumer price inflation data, and the developments on the trade front where U.S. and Chinese official reached a framework to implement the Geneva consensus following two days of discussions in London.

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EURUSD	1.14993	GBPUSD	1.35603	AUDUSD	0.6506
USDJPY	144.276	USDCAD	1.36663	USDCHF	0.81914

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European Shares Seen Flat To Higher At Open