European markets are expected to open in mixed territory on Thursday, falling lower as President Donald Trump's tariffs disrupt global trade relations.
The U.K.'s FTSE 100 is expected to open 8 points higher at 8,537, Germany's DAX is down 47 points at 22,611, France's CAC is down 2 points at 7,983 and Italy's FTSE MIB is down 32 points at 38,230, according to data from IG.
Investors in Europe will be watching earnings from Hugo Boss, Hannover Re and Deliveroo, with no major data releases due later in the day.
Thursday marks the second and final day of CNBC's CONVERGE LIVE event in Singapore, where business leaders, investors and policymakers discuss the ongoing global trade war. Follow CNBC's live coverage of the event here.
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Volatility has been the trend this week in the markets with Trump's tariffs on steel and aluminum imports — and retaliatory measures from the European Union and Canada — driving declines across the major bourses.
S&P 500 futures were higher Wednesday evening after the index posted its first winning session of the week. Sentiment improved after the U.S. consumer price index came in lower than expected in February; headline inflation rose 0.2% from the previous month and 2.8% on an annualized basis.
The numbers reinforced optimism about the direction of the economy — amid growing concerns about a U.S. recession — though economists warned that the tariffs would likely quickly lead to higher prices for consumers.(Newsmaker23)
Source: CNBC
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