{"id":23810,"date":"2025-08-26T07:27:08","date_gmt":"2025-08-26T07:27:08","guid":{"rendered":"https:\/\/www.europesays.com\/ie\/23810\/"},"modified":"2025-08-26T07:27:08","modified_gmt":"2025-08-26T07:27:08","slug":"european-markets-open-to-close-fed-trump-french-politics","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ie\/23810\/","title":{"rendered":"European markets open to close: Fed-Trump, French politics"},"content":{"rendered":"

European stock markets opened sharply lower on Tuesday, pulled down by French equities as traders monitored the potential for a no confidence vote in the government next month.<\/p>\n

France’s CAC 40 index plummeted more than 2% in early deals after the country’s\u00a0three main opposition parties said they would not back a confidence vote<\/a> called by Prime Minister Francois Bayrou for Sept. 8 over his budget plans.<\/p>\n

European stock futures were already pointing lower as global investors monitored U.S. President Donald Trump’s latest attempted intervention in the running of the Federal Reserve.<\/p>\n

Trump’s announcement on social media that he had fired\u00a0Federal Reserve<\/a>\u00a0Board Governor\u00a0Lisa Cook<\/a> drove Asia-Pacific markets<\/a> and U.S. futures<\/a> 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.<\/p>\n

\"Lisa<\/a> Trump tells Fed’s Lisa Cook she’s fired; she says ‘he has no authority to do so’<\/a><\/p>\n

It follows months of pressure by Trump on the central bank to lower interest rates, including repeated criticism of and threats to fire Fed Chair Jerome Powell<\/a>.<\/p>\n

Markets rallied late last week after Powell gave a speech which spurred investors to price in a September rate cut by the Fed<\/a>.<\/p>\n

In Europe, shares of German sportswear giant Puma<\/a> opened 2% lower following a 16% jump on Monday. The gains came after Bloomberg reported<\/a> 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.<\/p>\n

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<\/a> reports Wednesday.<\/p>\n","protected":false},"excerpt":{"rendered":"European stock markets opened sharply lower on Tuesday, pulled down by French equities as traders monitored the potential…\n","protected":false},"author":2,"featured_media":23811,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[175],"tags":[4623,79,207,6615,356,4056,179,18,2220,19484,6614,6621,19,17,371,18630,5129,18631,188,778,18632,20094,20093,4624,384],"class_list":{"0":"post-23810","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-breaking-news-europe","9":"tag-business","10":"tag-business-news","11":"tag-cac-40-index","12":"tag-donald-trump","13":"tag-economic-events","14":"tag-economy","15":"tag-eire","16":"tag-france","17":"tag-francois-bayrou","18":"tag-ftse-mib","19":"tag-germany","20":"tag-ie","21":"tag-ireland","22":"tag-italy","23":"tag-jde-peets-nv","24":"tag-jerome-powell","25":"tag-keurig-dr-pepper-inc","26":"tag-markets","27":"tag-nvidia-corp","28":"tag-pernod-ricard-sa","29":"tag-puma-se","30":"tag-rhode-island","31":"tag-stoxx-600","32":"tag-united-states"},"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/23810","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=23810"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/23810\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/23811"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=23810"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=23810"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=23810"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}