European Markets Open Lower

On Tuesday, major European stock indexes opened mostly lower, with investors closely monitoring the progress of trade negotiations between the United States and the European Union. The German DAX, CAC 40, and Euro Stoxx 50 all saw declines, while the FTSE 100 remained flat.

Trade Talks Take Center Stage

US Treasury Secretary Scott Bessent highlighted the EU's increased engagement in negotiations, sparking hope for a resolution. However, Europe is also considering possible countermeasures against the US should talks fail to yield an agreement.

Julius Baer Reports Strong Earnings

Amid the market movements, Swiss bank Julius Baer announced a robust quarterly net profit of 511 million Swiss francs, showcasing resilience in the financial sector.

Currency Movements

The euro held steady against the dollar, while the British pound experienced a slight decline, reflecting the cautious optimism among traders.