European markets set for mixed open as traders keep an eye on tariffs, U.S. political deadlock
1. Trump announced new tariffs on timber and furniture imports. 2. Potential federal government shutdown may impact investor sentiment. 3. U.S. stock futures show little change amid mixed global markets. 4. Concerns about a slowing labor market and stagflation persist. 5. Moody's downgrade of U.S. credit status adds to market worries.