European markets are heading for a mixed open Tuesday as global markets buckle amid anxiety that the U.S. economy will suffer because of President Donald Trump’s trade tariff policies.
The U.K.’s FTSE 100 index is expected to open 9 points higher at 8,606, Germany’s DAX up 5 points at 22,613, France’s CAC 7 points lower at 8,041 and Italy’s FTSE MIB 9 points lower at 38,816, according to data from IG.
Traders will be focusing on earnings from Persimmon, Lego and Leonardo are also set to be released Tuesday.
Volkswagen reported a 15% year-on-year drop in annual operating profit on Tuesday, citing an increase in costs and “extraordinary expenses” in regards to its restructuring plans.
Volkswagen posts 15% fall in annual profit amid restructuring
German autos giant Volkswagen reported a 15% year-on-year drop in annual operating profit on Tuesday, citing increasing costs and “extraordinary expenses” associated with its restructuring strategy.
It posted a revenue of 324.7 billion euros ($352.8 billion) in full-year 2024, up from 322.3 billion euros last year. The automaker said it expects sales revenue to exceed the previous year’s figure by up to 5% in 2025.
— Chloe Taylor
European markets: Here are the opening calls
European markets are expected to open in mixed territory Tuesday.
The U.K.’s FTSE 100 index is expected to open 9 points higher at 8,606, Germany’s DAX up 5 points at 22,613, France’s CAC 7 points lower at 8,041 and Italy’s FTSE MIB 9 points lower at 38,816, according to data from IG.
Earnings are set to come from Volkswagen, Persimmon, Lego and Leonardo on Tuesday.
— Holly Ellyatt