German Finance Minister says there will be a strong response to US tariffs. Preparing countermeasures. No interest in an escalation.
The German Finance Minister's statement regarding a strong response to U.S.
The US and Japan have reportedly shortlisted the first projects as potential candidates for the investment plan, Reuters reports citing sources. SoftBank Group (9984 JT) is mentioned in one project.
Ukranian energy company DTEK says its Odessa facility has suffered extensive damage due to an overnight Russian attack, via Sky News Arabia
German Finance Minister says there will be a strong response to US tariffs. Preparing countermeasures. No interest in an escalation.
European Movers: WH Smith (SMWH LN) +8.0%, Bayer (BAYN GY) +6.5%, BAE Systems (BA/ LN) +1.8%, ASM International (ASM NA) +1.6%, BMW (BMW GY) -4.9%, Mercedes Benz (MBG GY) -3.7%
EUROPEAN OPEN: Trump threatens Europe with tariffs over Greenland; SCOTUS to hear BAYN GY bid to curb Roundup cases; ASM NA beats Q4 expectations amid China rebound
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tariffs signals a potential trade conflict, but the emphasis on no interest in escalation suggests a desire for diplomatic resolution. Markets may view this as stabilizing, as it indicates Germany's intention to counter the tariffs without escalating tensions further, which could impact trade-sensitive assets and overall risk sentiment.
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