FX.co ★ European Markets Poised for Higher Open

European stock markets were poised for a positive opening on Thursday, seemingly unmoved by the escalating trade disputes instigated by Washington. U.S. President Donald Trump has introduced new tariff measures impacting 21 countries and announced a 50% tariff on Brazilian imports starting August 1, attributing this to unfair trading activities. Despite the rising geopolitical tension, futures for the Euro Stoxx 50 and Stoxx 600 showed gains of around 0.2% in premarket trading. European investors are shifting their focus toward significant economic indicators, such as Italy's industrial production figures for May and finalized June inflation data from Germany. In corporate developments, German car manufacturer Porsche has cautioned about a €300 million impact on its second-quarter earnings due to the repercussions of these U.S. tariffs.