CNBC
03 Jun 2026, 06:07 UTC · 2h ago
European shares head for negative open as White House proposes fresh tariffs on EU

CNBC
03 Jun 2026, 06:07 UTC · 2h ago

Story key points
3 claims · impact-rated
The U.S. Trade Representative has proposed tariffs of up to 12.5% on 60 trading partners, including China, the EU, and Japan, over forced labor concerns. — Broad-based tariffs on major global economies typically disrupt trade flows, increase costs, and heighten geopolitical volatility.
-0.80Tensions between the U.S. and Iran have escalated following accusations of fresh attacks despite an existing ceasefire. — Geopolitical instability in the Middle East increases risk premiums for oil and generally lowers risk appetite for global equities.
-0.50Inditex reported fiscal first-quarter sales growth of 5.8% and a 5.4% jump in net profit, both meeting analyst expectations. — Results are positive but largely priced in as they aligned with estimates, suggesting stability rather than a surprise catalyst.
+0.10Ticker attribution
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Fiscal first-quarter sales and net profit grew and met analyst expectations.
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