ECB's Kocher says using trade policy threats as a tool for political pressures increases risk to the global economy for all parties involved in the medium and long term
Kocher's comments suggest a hawkish stance on trade tensions, emphasizing the potential long-term risks to global economic stability.
European Movers: Aixtron (AIXA GY) +6.6%, Burberry (BRBY LN) +6.6%, Rio Tinto (RIO LN) +1.8%, Pearson (PSON LN) +1.5%, Admiral (ADM LN) -1.7%, Avanza (AZA SS) -1.3%
USTR Greer says EU trade agreement focuses on trade rather than national security; however, relationship with EU negotiator remains great
ECB's Kocher says using trade policy threats as a tool for political pressures increases risk to the global economy for all parties involved in the medium and long term
South African Inflation Rate YoY (Dec) Y/Y 3.6% vs. Exp. 3.6% (Prev. 3.5%)
South African Core Inflation Rate YoY (Dec) Y/Y 3.3% (Prev. 3.2%)
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This could have implications for the ECB's monetary policy approach, particularly if it leads to increased market volatility or affects the growth outlook in Europe. Traders should watch for possible shifts in EUR or broader risk sentiment as these geopolitical factors unfold.
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