Markets
Germany's DAX hits a new high as Trump upbeat on US-EU trade talks
Germany’s DAX hit a fresh record amid easing trade tensions between the US and the EU, with defence and banking stocks leading the gains. Meanwhile, President Donald Trump expressed optimism about the progress of trade talks.
Markets
European markets open higher as Trump delays 50% tariffs on the EU
Stock futures surged after US President Donald Trump agreed to postpone the planned 50% tariffs on the European Union, but the US dollar remained under pressure amid waning investor confidence in US assets, pushing the euro to a one-month high.
Markets
Oil prices falls as OPEC+ considers output hike before US-Iran talks
Crude oil prices extended their losses following reports that OPEC+ is considering a further production increase in July, ahead of US-Iran nuclear talks later today. Oil markets remain caught between escalating geopolitical tensions and persistent concerns over a potential oversupply.
Markets
Investors wary as Trump says China removing non-tariff trade barriers
Trump stated that China had agreed to remove non-tariff trade barriers, likely referring to the country’s rare earth export controls imposed on the US in April. The market rally appears to be pausing, as investors await further details of the US-China trade agreement.
Economy
Euroviews. Is this the end of US exceptionalism and start of European rebirth?
Say hello to the multipolar world in which China is rapidly becoming a pole of economic and military power. Meanwhile, the old continent is struggling to speak with one voice and remain relevant, Philippe Gijsels writes.