European Markets Open Lower Amid Trade Talks and Earnings

Investors are closely watching the developments between the United States and its trading partners, particularly the European Union, as tariff talks continue to unfold. The EU is hopeful for a trade agreement before the US imposes a proposed 30% tariff on EU imports starting August 1.

Julius Baer Reports Decline in Net Profit

In financial news, Swiss bank Julius Baer has reported a 35% decrease in net profit for the first half of 2025, totaling 295 million Swiss francs. Meanwhile, all eyes are on SAP's upcoming earnings report.

Market Performance

At 8:00 am CET, the DAX was down by 0.40%, the FTSE 100 fell by 0.27%, the Euro Stoxx 50 declined by 0.45%, and the CAC 40 decreased by 0.19%.

Currency Movements

The euro remained stable against the dollar at 1.16880, while the pound saw a slight decrease of 0.13%, trading at 1.34735.