EU is set to freeze trade deal approval over US President Trump's tariff risk, Bloomberg reports
Newsquawk Staff ·
EU is set to freeze trade deal approval over US President Trump's tariff risk, Bloomberg reports.
What it means
The EU's move to freeze trade deal approval in response to tariff risks from President Trump suggests escalating tensions that could weigh on global trade sentiment. This development may create volatility in FX markets, particularly impacting the USD against the EUR and other currencies, while also affecting equities and commodities as investors reassess the risk landscape. Trader focus should be on how this plays into broader geopolitical dynamics and potential market reactions.
Sources
- Atomic Energy Organization of Iran Spokesman says protocol for building small reactors with Russia is being finalized
- Russian Deputy PM Novak says they are open to work with US partners on energy, but there are no current discussions around a return to specific projects
- Ukrainian President Zelensky says Western powers could eventually discuss Russia's demands for security guarantees, but insists Ukraine's own security needs must be addressed first
- [MARKET ANALYSIS] Crude grinds higher, Dutch TTF remains just under EUR 100/MWh, metals subdued
- [MARKET ANALYSIS] Antipodeans diverge as AUD saw strong CPI and NZD slumped on a surprise RBNZ hold, DXY awaits the Fed
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