India, July 7 -- Stock markets in Europe are expected to open on a mixed note on Monday as relief at the extension of the tariff deadline to August 1 and warnings of fresh tariffs on countries that align with BRICS policies are both expected to sway sentiment. The 17th BRICS Summit started on Sunday in Brazil's Rio de Janeiro.
Wall Street had closed on a positive note on Thursday as strong labor market data cemented the view of a resilient economy. The Dow Jones Industrial Average added 0.77 percent to finish trading at 44,828.53. The Nasdaq Composite also rallied 1.02 percent to close trading at a record high of 20,601.10. Equity markets in the U.S. were closed on Friday for Independence Day.
European markets had however closed on a nega...