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BEFORE THE BELL: EUROPE EYES TENTATIVE BOUNCE AS Q2 STARTS

A bounce on Wall Street from new lows in another volatile day helped Asian shares rise overnight and a tentative recovery was set to spill over to Europe, even though uncertainty over U.S. President Donald Trump's tariff announcements stayed high.

EuroSTOXX50, DAX and FTSE futures gained 0.4-0.5%, kicking off the second quarter on a slightly positive note after the broader European market .STOXX ended Q1 well off the highs, though still scoring a gain of more than 5%.

Meanwhile, futures on the S&P 500, which instead lost 4.6% in the first three months of the year, fell 0.4% ahead of the JOLTS data later in the day which will be scrutinised for clues on the health of the US job market ahead of Friday's payrolls.

All Mag 7 stocks were flat to lower in early Frankfurt trading, except Tesla TSLA.O, which was up around 2%.

Corporate news was relatively thin.

Denmark's Bavarian Nordic BAVA.CO could top the charts after getting FDA approval for its freeze-dried formulation of its mpox and smallpox vaccine. Traders called the stock up 5-7%.

Hugo Boss BOSSn.DE in Germany could also get a boost after Calvin Klein-parent PVH PVH.N rallied 16% in extended U.S. trade following upbeat annual forecasts.

In the UK, materials supplier Travis Perkins TPK.L said the pace of an overall recovery in construction activity levels remained uncertain, after it posted a 23% drop in 2024 profit.

(Danilo Masoni)

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