European Markets Show Resilience Amid Tariff Worries

Major European indexes are set to open higher on Thursday, as investors appear to overlook the potential impact of US tariffs. Porsche has warned that these tariffs could reduce its second-quarter results by approximately €300 million ($352 million).

Focus Shifts to Economic Data

Today, the market's attention turns to crucial economic indicators, including German inflation figures for June and Italy's industrial output for May, which could provide further direction for investors.

Market Movements

At 8:00 am CET, the FTSE 100 was up by 0.45%, the Euro Stoxx 50 advanced by 0.18%, the DAX increased by 0.18%, and the CAC 40 rose by 0.24%. Meanwhile, the euro and British pound both traded 0.16% higher against the dollar at 7:58 am CET.