European stock futures pointed to a lower open on Tuesday as global investors monitored U.S. President Donald Trump’s latest attempted intervention in the running of the Federal Reserve.
Trump’s announcement on social media that he had fired Federal Reserve Board Governor Lisa Cook drove Asia-Pacific markets and U.S. futures lower. Cook said in a Monday statement that Trump did not have the authority to remove her and that she “will not resign,” leaving a legal dispute a potential next step.
In Europe, shares of German sportswear giant Puma are set to ease following a 16% jump on Monday. The gains came after Bloomberg reported that its majority shareholder, the billionaire Pinault family, was working with advisors with a view to a potential sale of the firm. Puma declined to comment when contacted by CNBC.
French political stability is back in focus after the country’s three main opposition parties said they would not back a confidence vote called by Prime Minister Francois Bayrou for Sept. 8 over his budget plans. Paris’s CAC 40 index is set to open sharply lower Tuesday.
It’s a relatively quiet week on the data and earnings front, with a French consumer confidence reading out Tuesday before inflation figures from France, Germany, Italy and other European countries on Friday. Stateside, tech industry bellweather Nvidia reports Wednesday.