European markets are expected to open mixed Wednesday after European leaders agreed on nominees to lead its main institutions for the next five years following a marathon summit.
European Markets: FTSE, GDAXI, FCHI, IBEX
Germany's Ursula von der Leyen was proposed to replace European Commission President Jean-Claude Juncker, Belgium's Charles Michel for European Council president, and Spain's Josep Borrell for EU foreign policy chief, after three days of grueling summit negotiations. The deal must now be approved by the European Parliament.
Stateside, the S&P 500 posted a new record close on Tuesday, but gains remain subdued after the U.S. government on Monday threatened to impose tariffs on $4 billion of additional EU goods in a long-running dispute over aircraft subsidies.on certain steel produced and South Korea or Taiwan that are then shipped to Vietnam for processing before export to the United States.
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