The tariff policies of United States President Donald Trump will most likely have a negative impact on the economy, reaffirmed Bank of France head Francois Villeroy de Galhau on Wednesday. "There will very likely be a negative effect,
CEOs of major German and French corporations, particularly those in the DAX and CAC 40 stock indices, have the experience and influence to reinvent Europe.
Donald Trump, however, seems to see Article II of the constitution, which lays out the president’s powers, as a blank cheque. He has a tendency to explain to friendly audiences, “I have the right to do whatever I want as president.
While confidence among policymakers about reaching the 2 per cent inflation target has increased, President Donald Trump’s threats of US tariffs are weighing on the outlook
The EUR/USD pair fell throughout the first half of the week, recovering in the second half to close it little changed at around 1.0480. The US Dollar (USD) benefited from the risk-averse environment, the latter resulting from the United States (US) President Donald Trump's tariffs plan.
The latter divergence between the ECB and the Fed expectations should keep the EURUSD’s upside potential limited above the 1.05 psychological level. Many traders could also chose to turn neutral before Sunday’s German election.
The gains come after a prolonged period of Europe underperforming the US, as a huge rally in Big Tech stocks lifted Wall Street in recent years. Trump’s election was the most recent catalyst, pushing European equities to lag the US by the widest margin on record, amid expectations of a bruising trade war.
Global shares are trading mixed as investors continue to watch economic data and policy moves from U.S. President Donald Trump, as both are likely to impact upcoming central bank moves.
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