Madrid.- European markets maintain the initial momentum with approximate gains of 2%, in a day marked by interest in discussions with the U.S. on tariff policies, and after business confidence experienced an improvement of 0.1% in the second quarter of the year.
At 12:00, with the euro strengthening by 0.21% to 1.137 units, the Frankfurt exchange leads gains with 2.21%, followed by Milan with 2.14%; Paris with 1.91%, Madrid with 1.88%, and London with 1.81%.
Read more: European stock markets and banks end Monday higher
The Euro Stoxx50, which brings together Europe’s largest-cap companies, also shows a rise of 1.98%.
Today, attention turns to the move of the European Trade Commissioner, Maros Sefcovic, to Washington to discuss certain tariffs and the suspension of countermeasures previously announced by Brussels in response to U.S. duties on steel and aluminum.
This comes after U.S. President Donald Trump’s decision to cut global tariffs to 10% for 90 days (down from a 20% rate imposed on the EU), and the subsequent postponement by Brussels of European countermeasures from the 25% tariff imposed by Washington on steel and aluminum for the same period.
Markets also watch the upcoming European Central Bank (ECB) meeting on Wednesday and Thursday, where analysts anticipate a possible interest rate cut of 0.25%.
Likewise, markets are buoyed by the business confidence data, which recorded an improvement of 0.1% in the second quarter of 2025 versus the first, marking two consecutive quarters of growth despite tariff announcements made by Trump.
Europe also receives a boost from Asian markets, which closed higher.
The main index of the Tokyo Stock Exchange, the Nikkei, rose 1.18% this Monday, while the selective Topix, which includes the major-cap firms of the primary section, increased 0.88%; the Shanghai index advanced 0.76%; Shenzhen, 0.51%; and the main South Korean market indicator, the Kospi, rose 0.95%.
New York Stock Exchange futures also anticipate gains, with a rise of 1.30% for the Nasdaq, 1.06% for the S&P 500, and 0.79% for the Dow Jones Industrial.
The rise in Europe also reflects announcements on tariffs on U.S. imports of certain electronic products from China.
In the bond market, the yield on the long-term German bond rises to 2.534%, while the Spanish one falls to 3.245%, with the risk premium at 71 basis points.
On the day the OPEC monthly report will be released in the U.S. at 13:00, oil prices rise. Brent, the European benchmark, increases 0.90% to $65.34, while West Texas Intermediate (WTI) climbs 0.91% to $62.06 before the market’s official opening.
Bitcoin records an increase of 1.21%, positioning at $84,489.3.
image credits for this post: Deultimominuto.net
