European stock futures displayed modest declines in early trading on Tuesday, following slight gains from the previous day. Market sentiment is cautious, influenced by subdued U.S. futures and delayed economic data.
Futures Overview:
Eurostoxx futures were down 0.1%.
German DAX futures remained flat.
French CAC 40 futures fell by 0.1%.
UK FTSE futures also declined by 0.1%.
The lackluster performance in Europe comes amid sluggish U.S. futures, which are dampening market sentiment. Additionally, uncertainty surrounds the postponed release of German retail sales data for May, which has been delayed indefinitely. This development has left investors waiting for clearer signals.
The overall risk mood remains cautious as market participants anticipate the U.S. ISM Manufacturing PMI, scheduled for release later in the day. This report will be closely watched for insights into the health of the manufacturing sector and its potential impact on broader economic conditions.
