US Confirms Continuation of Trump-Era Tariffs Despite Legal Challenges
US officials, led by Jamieson Greer, stated that tariff agreements negotiated under Donald Trump will remain in force despite recent court setbacks. Meanwhile, the European Commission is seeking policy clarity as Trump prepares for talks with Xi Jinping.
Rabobank Euro to Dollar Forecast: EUR/USD Stuck in Volatile but Narrow Band
The Euro to Dollar exchange rate (EUR/USD) is trading around 1.1789, little changed on the week and not far from where it started the year. That relative calm masks what has been a volatile stretch for the pair, with sharp swings failing to produce a lasting breakout.
FT Urges Europe to Master Trade Deal Negotiations
The Financial Times highlights the necessity for Europe to improve its skills in negotiating trade deals to better navigate global economic challenges. Enhanced trade negotiation capabilities are seen as crucial for Europe's economic growth and international competitiveness.
Supreme Court Ruling and Fed Rate Hike Threats Shift Treasury Market Sentiment Bearish
A combination of the Supreme Court’s decision against Trump’s tariffs and the looming threat of Federal Reserve rate hikes is driving a bearish sentiment in the $31 trillion Treasury market. These factors are contributing to increased pressure and a shift in investor outlook.
ECB President Lagarde Emphasizes Price Stability and Independence from Political Influence
ECB President Lagarde reaffirms her commitment to price stability and maintaining a strong Eurozone economy. She highlights the importance of central banks operating free from political pressure and expresses respect for Fed Chair Powell and nominee Kevin Warsh.
ECB President Lagarde Highlights Impact of Tariffs on Consumers and Trade Balance
ECB President Lagarde emphasized that consumers have been affected by tariffs, causing disruptions to an already fragile trade balance. She stressed the importance of well-considered and constitutionally compliant policy measures to address these challenges.
ECB President Lagarde Calls for Clear Trade Rules Amid Uncertain Tariff Outlook
ECB President Christine Lagarde emphasized the need for transparent trade and investment regulations, highlighting ongoing uncertainties in tariff policies. She also stressed the importance of clarifying U.S.–Europe relations to stabilize economic cooperation.
UK Faces Setback After Supreme Court Strikes Down Trump's Global Tariffs
The UK, which had anticipated benefits from its preferential trade deal linked to Donald Trump, now risks significant losses following the Supreme Court's decision to invalidate his global tariffs. This ruling undermines the trade advantages previously expected by the UK.
ECB President Lagarde Warns Trump’s Tariffs Could Disrupt US-EU Economic Balance
ECB President Christine Lagarde stated that President Donald Trump’s recent tariff actions risk upsetting the previously negotiated economic equilibrium between the EU and the US, potentially creating new challenges for the economy. This move could have wide-reaching implications for transatlantic trade relations.
Global Markets Close Slightly Lower Amid Mixed Commodity Gains
Major global equity indices including the DAX, Dow, NASDAQ, FTSE, and Hang Seng ended the weekend with modest declines. Meanwhile, key commodities such as gold, silver, and US oil recorded gains, and the EUR/USD pair showed a slight increase of 0.10%.