US Commerce Lutnick doesn't see European trade deal changing and can disagree with allies, but that doesn't make them not allies - CNBC
The comments from US Commerce Secretary Lutnick suggest a nuanced stance on US-European trade relations, emphasizing that disagreement does not negate their allied status.
US judge allows injunction against prediction market Kalshi from offering sports-event contracts in Massachusetts
ECB's Nagel says German government was right launching large fiscal package; close to price stability target
US Commerce Lutnick doesn't see European trade deal changing and can disagree with allies, but that doesn't make them not allies - CNBC
US sells USD 86bln of 3-month bills at high-rate 3.590%, B/C 2.84x; sells USD 77bln of 6-month bills at high-rate 3.520%, B/C 2.95x
European Closes: Euro Stoxx 50 -0.52% at 5,895, Dax 40 -1.08% at 24,690, FTSE 100 -0.67% at 10,127, CAC 40 -0.61% at 8,063, FTSE MIB -1.07% at 44,713, IBEX 35 -1.34% at 17,429, PSI -1.14% at 8,464, SMI -0.68% at 13,174, AEX -0.16% at 991
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- Rates are hundreds of basis points too high; if we cut rates 100bps or more, you're going to see the US grow 6% or more.
His remarks on rates indicate a strong belief in the potential for significant economic growth should monetary policy be adjusted, which could influence market sentiment regarding US economic outlook and cross-border trade dynamics.
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