European Markets Start Week Cautiously Amid Global Tariff Concerns and Economic Data

European markets opened cautiously on Monday, with futures indicating a positive start after a volatile previous session. London's FTSE 100 was projected to rise by 0.4%, France's CAC 40 by 0.5%, Germany's DAX by 0.4%, and Italy's FTSE MIB by 0.4%. On Friday, regional indices declined sharply, with the pan-European Stoxx 600 experiencing its worst decline since April amid concerns over new U.S. tariffs imposed worldwide starting August 1. Despite existing trade agreements between the EU and the UK, the announcement triggered global stock sell-offs driven by fears of slowing economic growth. Travel stocks dropped 2.7%, and banking shares fell 2.9%. Overnight, Asian markets exhibited mixed reactions as investors digested the potential impact of tariffs and the recent U.S. jobs report, which influenced Wall Street's downturn last week and increased speculation about a possible rate cut by the Federal Reserve. Additionally, oil prices declined following OPEC+’s announcement to boost production by 547,000 barrels daily starting September, marking a series of output increases. Investors are also monitoring upcoming economic data, including Turkey's monetary policy decision and Spain's em...