LIVE MARKETS-Europe before the bell: stocks seen opening slightly higher

Reuters
03-11
LIVE MARKETS-Europe before the bell: stocks seen opening slightly higher

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Europe before the bell: stocks seen opening slightly higher

European equity futures are edging higher on Tuesday after sliding the day before on concerns that Trump's trade policies could weigh on growth, while doubts also suffered about whether Germany can pass its fiscal reform through parliament.

Germany's Greens vowed to block military and infrastructure spending plans by expected next chancellor Friedrich Merz unless they included genuine support for climate policies and the economy.

But they did forward rival proposals on Monday in a bid for compromise.

"The Green objections highlight the risk that the big fiscal reform may not pass," writes Berenberg economist Holger Schmieding.

"Still, we see the objections more as an opening gambit for serious discussions rather than as the Greens’ last word on the issue," he adds.

Germany's DAX .GDAXI, which has risen over 13% this year, tumbled 1.7% on Monday. Futures on the index FDXc1 are up 0.7% today.

Euro STOXX 50 futures STXEc1 are also up about 0.7%, while futures on the FTSE FFIc1 and CAC 40 FCEc1 are rising 0.3% and 0.4% respectively.

In corporate news, eyes will be on Volkswagen VOWG_p.DE after the carmaker provided a muted outlook for the year ahead as the sector battles weak demand, high costs and heightened trade tensions.

HelloFresh HFGG.DE shares are called to open lower after the home delivery meal-kit company said it expects revenue to fall this year.

(Samuel Indyk)

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