A look at the day ahead in European and global markets from

Rocky Swift

A central bank Who's Who is due to speak in Sintra, Portugal

today as policymakers grapple with an uncertain landscape for

trade, growth and inflation.

Uncertainty was the key theme in opening remarks from

European Central Bank President Christine Lagarde on Monday at

the ECB's annual forum for central bankers. Lagarde is scheduled

to join a panel with central bank heads from the United States,

Japan, Britain and South Korea at 1330 GMT.

And uncertainty remains over U.S. President Donald Trump's

"One, Big, Beautiful Bill," which remains logjammed at the

Senate. Trump is desperate to get it passed before America's

"Independence Day" on July 4, while deadlines over his

"Liberation Day" tariffs loom over trade negotiations.

Trump called Japan "spoiled" as a trade deal between the two

nations remained elusive, and U.S. Treasury Secretary Scott

Bessent warned that countries could be notified of sharply

higher tariffs.

Except for Japan's Nikkei, equity markets were

broadly higher in Asia, with benchmark indexes in South Korea

and Taiwan climbing more than 1.4%. Fresh

readings from the Bank of Japan's tankan index and China's

Caixin PMI indicated Asia's biggest economies were weathering

the tariff storm, at least for now.

Euro Stoxx 50 futures pointed to a flat opening,

while German DAX futures were up about 0.1%. U.S. stock

futures, the S&P 500 e-minis, were down 0.1%.

The euro continued its winning days, poised for a record

10th consecutive day of gains against the U.S. dollar, reaching

$1.1808, the highest since September 2021.

Key developments that could influence markets on Tuesday:

- ECB's Sintra conference policy panel

- U.S. ISM manufacturing data for June

- Manufacturing Purchasing Managers Indexes (PMI) data for

France, Germany, and Euro Zone for June

- UK house prices for June

Trying to keep up with the latest tariff news?

Our new daily news digest offers a rundown of the top

market-moving headlines impacting global trade. Sign up for

Tariff Watch here.

(Editing by Jacqueline Wong)