European indices hold lower at the open awaiting tariff developments ...Middle East

Eurostoxx -0.5%Germany DAX -0.6%France CAC 40 -0.5%UK FTSE flatSpain IBEX -0.4%Italy FTSE MIB -0.6%

At the start of the week, things were hopeful as the EU and US aimed for a makeshift deal as negotiations look set to extend further. But come today, suddenly the situation is in limbo as Trump yesterday said he will be sending a letter to the EU today. We'll have to see what becomes of that and the tariffs rate next. US futures are also lower today, with S&P 500 futures seen down 0.4% currently.

This article was written by Justin Low at www.forexlive.com.

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