European stocks edge higher as markets digest Trump tariff comments

It's astir 30 minutes since European markets opened, and determination stocks are edging higher.

The pan-European Stoxx 600 was past seen trading up by 0.1%, with each large bourses successful affirmative territory.

The French CAC 40 and Germany's DAX person some gained 0.4%, portion London's FTSE 100 is 0.1% higher.

— Chloe Taylor

Here's a roundup of the commercialized argumentation updates that person travel from the White House truthful acold this week.

New duties connected 14 countries: On Monday, U.S. President Donald Trump extended his "reciprocal tariffs" deadline to Aug. 1, but announced caller tariff rates of 25% to 40% connected 14 trading partners. The affected countries are Japan, South Korea, Malaysia, Kazakhstan, South Africa, Laos, Myanmar, Bosnia and Herzegovina, Tunisia, Indonesia, Bangladesh, Serbia, Cambodia and Thailand.

Tariffs connected copper: "Today, we're doing copper," Trump said during a Tuesday Cabinet gathering astatine the White House. Without giving details connected erstwhile the duties connected the metallic would instrumentality effect, Trump said the caller tariff connected copper would beryllium 50%.

Threatened tariffs connected pharmaceuticals: At the aforesaid Cabinet meeting, Trump besides reiterated his erstwhile menace to enforce sector-specific tariffs connected pharmaceutical goods. The assemblage would look "a very, precise precocious rate, similar 200%," the president said.

No quality connected the EU: No caller tariffs targeting the European Union person been announced, with galore seeing the deficiency of a missive from the Trump medication to the bloc arsenic a motion that a commercialized statement volition beryllium struck earlier the looming deadline. An EU diplomat told CNBC connected Monday that immoderate model woody is apt to see a 10% baseline tariff and whitethorn spot definite goods — specified arsenic craft and spirits — fixed exceptions. It was also widely reported earlier this week that European Commission President Ursula von der Leyen had a "good exchange" with Trump implicit the weekend.

— Chloe Taylor

Good greeting from London and invited to CNBC's unrecorded blog covering each the enactment and concern quality successful European fiscal markets connected Wednesday.

Futures information from IG suggests determination markets volition unfastened successful mixed territory, with London's FTSE 100 expected to unfastened 0.2% higher, Germany's DAX 0.1% higher and France's CAC 40 up 0.5%higher. Futures tied to Italy's FTSE MIB were level this morning.

Global markets person been seesawing this week, arsenic traders digest the latest commercialized tariff news. Overnight, Asia-Pacific markets were mixed, portion U.S. futures were small changed, aft U.S. President Donald Trump ruled retired a deadline hold connected steep tariffs connected 14 countries that are owed instrumentality effect connected Aug. 1.

Trump connected Tuesday also announced a 50% levy connected copper imports and signaled that much sector-specific tariffs volition travel soon. He besides threatened to enforce tariffs of up to 200% connected pharmaceutical exports into the U.S., but said that helium volition "give radical astir a year, twelvemonth and a half" until the duties spell into effect.

— Holly Ellyatt

Markets volition beryllium keeping an oculus connected comments from the OPEC seminar successful Vienna connected Wednesday, arsenic good arsenic each the latest tech quality from the RAISE Summit successful Paris, wherever the outlook for artificial quality is simply a cardinal focus.

Traders are besides assessing the likelihood of much commercialized deals betwixt the U.S. and partners arsenic the archetypal deadline for reduced tariffs, Wednesday, is reached. The U.S. has already sent 14 countries "letters" telling them what commercialized duties they volition beryllium deed with connected a aboriginal date, Aug. 1.

Investors successful Europe are awaiting a U.S.-EU commercialized deal, with speculation that an statement could beryllium imminent.

There are nary large net oregon information releases Wednesday.

— Holly Ellyatt