
Europe Market Open: European stocks indecisive with EU-US letter said to be sent Friday
7/11/2025
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- US President Trump announced a 35% tariff for Canada and flagged a potential 20% blanket tariffs for other countries; US is set to keep the tariff exemption for USMCA goods, according to a US official.
- Brazil's President Lula said the main thing is the reciprocity law, and if US charges 50%, they will charge him 50%.
- US President Trump noted the EU will receive a letter notifying them of new tariff rates by Friday.
- APAC stocks were ultimately mixed; European equity futures indicate a lower cash market open with Euro Stoxx 50 futures down 0.2% after the cash market finished with losses of 0.1%.
- Looking ahead, highlights include German WPI, UK GDP Estimate, Canadian Jobs, IEA OMR, Fitch on Germany, DBRS on Sweden, Speakers including ECB's Panetta & Cipollone.
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