The most notable news in the region this morning is carmaker Stellantis posting a first half net loss of €2.3 billion as tariffs bite. It's a bit of a foreshadowing of things to come. As for the broader market mood, S&P 500 futures are up 0.2% and that's helping to keep the calm for the most part. For European stocks, US-EU trade talks will be key ahead of the 1 August deadline. Meanwhile, tech shares will be eyeing Google/Alphabet and Tesla earnings later in the week instead.
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