A planned announcement of an USD 800bln 'prosperity plan' between Ukraine, Europe and the US has been delayed due to Europe's opposition from President Trump to acquire Greenland, the FT reports citing officials
Newsquawk Staff ·
A planned announcement of an USD 800bln 'prosperity plan' between Ukraine, Europe and the US has been delayed due to Europe's opposition from President Trump to acquire Greenland, the FT reports citing officials.
What it means
The delay of the USD 800 billion 'prosperity plan' involving Ukraine, Europe, and the US suggests significant friction in international collaboration, particularly stemming from President Trump's stance on Greenland. This could weigh on market sentiment, as geopolitical uncertainties often lead to risk aversion, impacting equities and potentially boosting safe-haven assets like gold. Furthermore, the implications for USD and EUR flows may create volatility in FX markets as investors reassess risk.
Sources
- US Midterms Cheat Sheet for Traders
- Newsquawk US Market Wrap - Stocks mixed on AI rebound ahead of US midterms
- Israel has shared intelligence with the US asserting that Iran is considering the use of chemical weapons against its adversaries, information met with alarm by some American officials and deep skepticism by others, NYT reports citing sources
- Israeli PM Netanyahu was reportedly the one who proposed to US President Trump the ending of financial aid to Israel, N13 reports citing sources
- US EQUITY OPEN: Tech pares back some recent losses as US/Iran negotiations and US midterms are in focus
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