Trump delayed EU tariffs until July 9 after a call with von der Leyen; CAC 40 and DAX rose, while US markets await key economic data this week
Global markets noticed President Trump’s delay in imposing a 50 percent tariff on products from the EU until July 9. The decision to delay came after Trump said his conversation with von der Leyen was proper. He said that today, the EU is keen to engage in deeper negotiations about trade. Major European stock indices went up after the announcement. The CAC 40 index of Paris increased 1.2 percent, and Germany’s DAX gained 1.7 percent as the European day began.
As London and Wall Street took holidays, US futures rose in early trading. While some Asian markets moved higher, most experienced a drop after investors chose to remain cautious. Analysts in the market pointed out that the uncertainty around US trade policy is of concern to many. Once more, the first wave of tariffs upsets markets, but diplomatic harmony between countries tends to reverse the effects. Because of this pattern, some investors respond to volatility and take advantage of brief up or down trends.
Investors Monitor Economic Indicators Amid Dollar Weakness
While equity markets gained, the US dollar continued to fall following a decline last week. Market inflation pushed US Treasury yields up, which has left some concerned about the country’s financial prospects. Many investors are unsure about Trump’s plans for taxes and spending, which could push the national debt higher.
Markets for different currencies showed both bullish and bearish attitudes. The euro and pound rose, with the euro’s rate increasing to $1.1384 and the pound touching $1.3563. The dollar gained a little against the yen, trading at 142.84. At the same time, the exchange of euros for pounds fell by a little to 83.93 pence. The changes suggest some doubt about the results of becoming economic reports.
Many essential updates for investors are due this week. The minutes from the Federal Reserve’s last meeting on monetary policy will be published on Wednesday. On Friday, the distributed personal consumption expenditures index will help Fed policymakers understand inflation.
Corporate Developments Add to Market Activity
Samsung shares increased by 1 percent in Seoul, despite continuing worries about U.S. trade policies. Nippon Steel saw share prices suddenly increase by 7.4 percent in Tokyo, settling at a final rise of 2.1 percent. The shares rose after Trump voiced support for Steel’s deal with US Steel. Trump said the agreement would save US Steel’s headquarters in Pittsburgh and help create 70,000 jobs. Nevertheless, neither the White House nor the companies involved have provided much information about the deal.
