European trading starts with cautious market sentiment

Markets are showing a cautious tone as trading begins in Europe. Investors are not building on the positive gains from yesterday. The focus remains on Trump’s tariffs, especially with a deadline approaching on April 2. Recently, Trump has softened his tough stance, which could influence market behavior. US stocks had a strong day yesterday, but futures are more subdued today. This leaves major currencies mostly unchanged. However, some buyers are stepping in after a long pause, which may help support the market if there is good news on tariffs. As European trading gets underway, it is expected to be quiet. There is little on the economic calendar, except for the German Ifo business climate index. Eyes are also on the UK spring budget announcement scheduled for tomorrow. Additionally, month-end and quarter-end activities are coming up soon, which could impact trading in the days ahead.