Rising global borrowing costs show that investors “are already pricing in” the economic impact of Trump’s policies.

European shares fell to a one-week low on Monday amid a broader market selloff as global equities came under pressure following U.S. jobs data, which strengthened expectations that the Federal Reserve will approach interest rate cuts cautiously this year.

JPMorgan Chase & Co. strategists have predicted that US firms' profit levels will likely outdo their European counterparts.

Several large U.S. financial institutions, including the Federal Reserve, have withdrawn from the networks after years of growing political and legal pressure.

President Trump appears willing to shake up almost every policy area, and a behind-the-scenes E.U. task force has been trying to prepare. But is Europe ready?

European shares opened higher on Wednesday due to broad-based gains as bond yields took a breather ahead of a crucial inflation reading in the United States, while British bourses outperformed following a soft local inflation reading.

As the greenback moved upward, European currencies found themselves at multi-year lows. The euro fell 0.4% to $1.0199 by 12:50 p.m. London time on Monday, its lowest value against the dollar since Aug. 2022. It was little changed on Tuesday morning.

US equity futures dipped after the S&P 500 also closed on the brink of record peak, propelled by optimism over artificial intelligence and a batch of earnings from corporate heavyweights. Contracts on the Nasdaq 100 slipped 0.5% and those on the S&P 500 were down 0.2%.

European markets are heading for a positive open Wednesday as traders await the latest U.S. inflation data that will inform the Federal Reserve's decision-making on interest rate cuts.

European markets gave up earlier gains to close lower Tuesday, as global investors assessed a cooler-than-expected U.S. producer price index. The pan-European Stoxx 600 index closed 0.08% lower as sectors turned mixed.

Bullion was trading near $2,754 an ounce and was on track for a weekly advance of about 2%, supported by haven demand amid uncertainty over the global economic outlook under the new US administration.

Overnight on Wall Street is morning in Europe.Monitor your investments 24 hours a day, around the clock from around the globe. Hosted by Caroline Hepker and Roger Hearing.