<ul data-eligibleForWebStory="false"><li>European stocks retreated as the Trump administration intensified its trade war, causing concern among investors over economic impacts.</li><li>Markets are anticipating a series of economic reports that will provide insight into the effects of tariffs, with Europe's Stoxx 600 dropping 0.5% and S&P 500 futures decreasing 0.4%.</li><li>US inflation data due this week is expected to show an increase in June, influencing the Federal Reserve's stance on potential rate cuts.</li><li>President Trump criticized Federal Reserve Chair Jerome Powell's handling of the Fed's renovation, raising concerns about Powell's potential removal.</li></ul>

European Stocks Retreat On Tariffs As Inflation Data Looms: Markets Wrap

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