European markets head for a lower open as traders digest Trump's tariffs announcement

Welcome to CNBC's unrecorded blog covering each the enactment and concern quality successful European fiscal markets connected Tuesday.

Futures information from IG suggests determination markets volition unfastened lower, with London's FTSE 100 expected to unfastened 0.3% lower, Germany's DAX and France's CAC 40 0.1% lower, respectively. Futures tied to Italy's FTSE MIB, were astir 0.1% little this morning.

Global markets are seesawing this week, arsenic traders digest the latest commercialized tariff news, and immoderate imaginable commercialized deals up of a July 9 deadline, erstwhile higher commercialized duties are owed to travel into effect.

U.S. Treasury Secretary Scott Bessent told CNBC's "Squawk Box" connected Monday that determination would beryllium respective commercialized announcements implicit the adjacent 48 hours, adding that helium expects "it's going to beryllium a engaged mates of days." He did not specify which countries were involved.

Asia-Pacific markets swung betwixt gains and losses overnight, however, arsenic investors assessed Trump's latest tariff threats on 14 trading partners.

Goods exported to the U.S. from Japan, South Korea, Malaysia, Kazakhstan and Tunisia are present acceptable to look 25% tariffs starting Aug. 1, according to the letters Trump posted connected Truth Social.

Other Asia-Pacific markets facing higher tariffs see Indonesia, which volition beryllium deed with a 32% excise duty, Bangladesh, which was slapped with a 35% duty, arsenic good arsenic Cambodia and Thailand, which are acceptable for 36% tariff rates, the president's letters indicated.

Meanwhile, imports from Laos and Myanmar volition look a 40% duty, Trump's letters posted connected Truth Social showed.

— Holly Ellyatt, Amala Balakrishner