European stock markets rise amid U.S. tariff uncertainty

The latest court rulings on the legality of U.S. President Donald Trump’s reciprocal tariffs add “another layer of uncertainty,” Valdis Dombrovskis, European Union commissioner for economy, told CNBC’s Karen Tso on Friday.

“We are already negotiating in [a] quite uncertain environment, with things changing quite rapidly,” he said.

On Wednesday the U.S. Court of International Trade had struck down the reciprocal tariffs the Trump administration had slapped on numerous countries in April. The administration appealed the motion and was granted its request to temporarily pause the ruling.

Dombrovskis reiterated that the EU was committed to agreeing to a negotiated deal with the U.S. “because EU-U.S. trade relationship is [the] largest in the world so there is lots at stake economically.”

He also described the tariff situation as “urgent,” citing a negative economic impact on the EU and the U.S.

— Sophie Kiderlin

European stock markets broadly moved higher despite U.S. tariffs being re-imposed by U.S. courts.

The Stoxx Europe 600 index is up 0.1%, the FTSE 100 added 0.4% and Germany’s DAX is higher by 0.3%. Meanwhile, France’s CAC 40 bucked the trend by declining 0.2% in early trade.

— Ganesh Rao

European stock markets are expected to open in positive territory on Friday.

Futures contracts for the Stoxx Europe 600 index point to a 0.1% gain at the open. Meanwhile, the U.K.’s FTSE 100, is set to open 0.2% higher, France’s CAC 40 could add 0.1% and Germany’s DAX is seen opening flat at the start of the trading day.

In Italy, shares of Metriks AI will trade for the first time on the stock exchange under the ticker MTK. The company provides artificial intelligence and analytical services and services to its clients.

— Ganesh Rao