European Markets Mixed Ahead US Tariff Deadline, Trade Risks Persist

European markets closed mixed amid uncertainty over U.S. trade policies as President Donald Trump announced a delay in imposing new tariffs until August 1, with notifications to trading partners starting July 7. Trump also threatened an additional 10% tariff on countries aligning with BRICS' 'anti-American policies,' potentially raising tariffs up to 70%, which has contributed to market volatility and cautious investor sentiment. Despite concerns, Eurozone investor confidence rose to its highest in over three years, while economic data suggested some slowdown in retail sales and services production. London's FTSE 100 was flat, weighed down by dips in oil and gas stocks following OPEC+'s output increase, while individual sectors showed mixed performance. Ongoing U.S.-EU trade talks provide some optimism for agreements, but the tariff situation remains fluid with moving targets on levels and effective dates. Overall, investors remain alert to further trade-related developments impacting European stocks and global markets.