Thu. Jul 7th, 2022

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European stocks mixed today

1 min read

European stocks

European stocks are expected to open in mixed territory on Tuesday as investors remain focused on the latest coronavirus developments and the state of U.S. politics.

London’s FTSE is seen opening 8 points lower at 6,796, Germany’s DAX up 21 points at 13,963, France’s CAC 40 up 5 points at 5,665 and Italy’s FTSE MIB 78 points higher at 22,659, according to IG.

An increase in the number of coronavirus cases being seen worldwide is weighing on sentiment; stocks in Asia-Pacific were mixed in overnight trade after shares on Wall Street pulled back overnight from all-time highs on Monday. U.S. equity futures were flat in overnight trading.

Investor focus also remains fixed on coronavirus news and political events Stateside; House Democrats on Monday introduced an article of impeachment against U.S. President Donald Trump for inciting the mob attack at the Capitol last week. The lower chamber plans to vote on the article sometime this week.

Investors are also weighing up the prospect for additional U.S. fiscal stimulus after a Democratic sweep of Congress.

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