A have a look at the day forward in European and international markets from Vidya Ranganathan.
Donald Trump and the European markets have come full circle once more.
The euro and European shares tumbled on Friday when the U.S. president determined abruptly he would impose 50% tariffs on imports from the European Union since commerce talks weren’t transferring shortly sufficient.
By Sunday, Trump had delayed the tariffs once more after European Fee President Ursula von der Leyen requested for time, and markets are again up this morning. The euro is at its highest since April 30 towards the greenback.
Von der Leyen stated in a publish on X on Sunday that she had a “good” cellphone name with Trump.
Markets could have recovered, however not sentiment. The weekend’s back-and-forth solely served to remind buyers how chaotic, impulsive and unpredictable Trump could be, even when coping with his greatest buying and selling companions. Germany was the EU’s greatest exporter to the U.S. final 12 months.
In early April, Trump set a 90-day window for commerce talks between the EU and the U.S., which was to finish on July 9.
Trump’s newest commerce tantrum got here simply hours after European Central Financial institution policymaker Joachim Nagel, who heads Germany’s Bundesbank, stated markets have been near nuclear meltdown after Trump’s April 2 reciprocal tariff bulletins, and that had helped to self-discipline the U.S. administration. Apparently not.
The gradual exit of buyers from that chaos – and from their outsized exposures to the world’s greatest economic system and inventory markets – continues.
European fairness exchange-traded funds have pulled in 34 billion euros ($38.6 billion) of money over the 12 months to Might 16, 4 instances the 8.2 billion euros put into U.S. fairness funds, Morningstar information reveals. By comparability, in 2024 web flows into U.S. fairness funds in Europe had dominated by a ratio of greater than 8:1 over domestically targeted merchandise.
Market holidays in the US and Britain ought to hold buying and selling comparatively muted on Monday.
It is also comparatively quiet on the information entrance, with the notable releases this week together with the Fed’s focused inflation metric, Private Consumption Expenditures, for April, due on Might 30. That might paint a clearer image of the influence of U.S. tariffs.
April was a risky month within the markets after Trump’s tariff onslaught on April 2, however current shopper and producer costs information has not flashed inflationary warning indicators simply but.
The euro zone’s greatest economies – France and Germany -report shopper costs information on Tuesday and Friday, and bloc-widefigures observe the week after.
A have a look at the day forward in European and international markets from Vidya Ranganathan.
Donald Trump and the European markets have come full circle once more.
The euro and European shares tumbled on Friday when the U.S. president determined abruptly he would impose 50% tariffs on imports from the European Union since commerce talks weren’t transferring shortly sufficient.
By Sunday, Trump had delayed the tariffs once more after European Fee President Ursula von der Leyen requested for time, and markets are again up this morning. The euro is at its highest since April 30 towards the greenback.
Von der Leyen stated in a publish on X on Sunday that she had a “good” cellphone name with Trump.
Markets could have recovered, however not sentiment. The weekend’s back-and-forth solely served to remind buyers how chaotic, impulsive and unpredictable Trump could be, even when coping with his greatest buying and selling companions. Germany was the EU’s greatest exporter to the U.S. final 12 months.
In early April, Trump set a 90-day window for commerce talks between the EU and the U.S., which was to finish on July 9.
Trump’s newest commerce tantrum got here simply hours after European Central Financial institution policymaker Joachim Nagel, who heads Germany’s Bundesbank, stated markets have been near nuclear meltdown after Trump’s April 2 reciprocal tariff bulletins, and that had helped to self-discipline the U.S. administration. Apparently not.
The gradual exit of buyers from that chaos – and from their outsized exposures to the world’s greatest economic system and inventory markets – continues.
European fairness exchange-traded funds have pulled in 34 billion euros ($38.6 billion) of money over the 12 months to Might 16, 4 instances the 8.2 billion euros put into U.S. fairness funds, Morningstar information reveals. By comparability, in 2024 web flows into U.S. fairness funds in Europe had dominated by a ratio of greater than 8:1 over domestically targeted merchandise.
Market holidays in the US and Britain ought to hold buying and selling comparatively muted on Monday.
It is also comparatively quiet on the information entrance, with the notable releases this week together with the Fed’s focused inflation metric, Private Consumption Expenditures, for April, due on Might 30. That might paint a clearer image of the influence of U.S. tariffs.
April was a risky month within the markets after Trump’s tariff onslaught on April 2, however current shopper and producer costs information has not flashed inflationary warning indicators simply but.
The euro zone’s greatest economies – France and Germany -report shopper costs information on Tuesday and Friday, and bloc-widefigures observe the week after.
A have a look at the day forward in European and international markets from Vidya Ranganathan.
Donald Trump and the European markets have come full circle once more.
The euro and European shares tumbled on Friday when the U.S. president determined abruptly he would impose 50% tariffs on imports from the European Union since commerce talks weren’t transferring shortly sufficient.
By Sunday, Trump had delayed the tariffs once more after European Fee President Ursula von der Leyen requested for time, and markets are again up this morning. The euro is at its highest since April 30 towards the greenback.
Von der Leyen stated in a publish on X on Sunday that she had a “good” cellphone name with Trump.
Markets could have recovered, however not sentiment. The weekend’s back-and-forth solely served to remind buyers how chaotic, impulsive and unpredictable Trump could be, even when coping with his greatest buying and selling companions. Germany was the EU’s greatest exporter to the U.S. final 12 months.
In early April, Trump set a 90-day window for commerce talks between the EU and the U.S., which was to finish on July 9.
Trump’s newest commerce tantrum got here simply hours after European Central Financial institution policymaker Joachim Nagel, who heads Germany’s Bundesbank, stated markets have been near nuclear meltdown after Trump’s April 2 reciprocal tariff bulletins, and that had helped to self-discipline the U.S. administration. Apparently not.
The gradual exit of buyers from that chaos – and from their outsized exposures to the world’s greatest economic system and inventory markets – continues.
European fairness exchange-traded funds have pulled in 34 billion euros ($38.6 billion) of money over the 12 months to Might 16, 4 instances the 8.2 billion euros put into U.S. fairness funds, Morningstar information reveals. By comparability, in 2024 web flows into U.S. fairness funds in Europe had dominated by a ratio of greater than 8:1 over domestically targeted merchandise.
Market holidays in the US and Britain ought to hold buying and selling comparatively muted on Monday.
It is also comparatively quiet on the information entrance, with the notable releases this week together with the Fed’s focused inflation metric, Private Consumption Expenditures, for April, due on Might 30. That might paint a clearer image of the influence of U.S. tariffs.
April was a risky month within the markets after Trump’s tariff onslaught on April 2, however current shopper and producer costs information has not flashed inflationary warning indicators simply but.
The euro zone’s greatest economies – France and Germany -report shopper costs information on Tuesday and Friday, and bloc-widefigures observe the week after.
A have a look at the day forward in European and international markets from Vidya Ranganathan.
Donald Trump and the European markets have come full circle once more.
The euro and European shares tumbled on Friday when the U.S. president determined abruptly he would impose 50% tariffs on imports from the European Union since commerce talks weren’t transferring shortly sufficient.
By Sunday, Trump had delayed the tariffs once more after European Fee President Ursula von der Leyen requested for time, and markets are again up this morning. The euro is at its highest since April 30 towards the greenback.
Von der Leyen stated in a publish on X on Sunday that she had a “good” cellphone name with Trump.
Markets could have recovered, however not sentiment. The weekend’s back-and-forth solely served to remind buyers how chaotic, impulsive and unpredictable Trump could be, even when coping with his greatest buying and selling companions. Germany was the EU’s greatest exporter to the U.S. final 12 months.
In early April, Trump set a 90-day window for commerce talks between the EU and the U.S., which was to finish on July 9.
Trump’s newest commerce tantrum got here simply hours after European Central Financial institution policymaker Joachim Nagel, who heads Germany’s Bundesbank, stated markets have been near nuclear meltdown after Trump’s April 2 reciprocal tariff bulletins, and that had helped to self-discipline the U.S. administration. Apparently not.
The gradual exit of buyers from that chaos – and from their outsized exposures to the world’s greatest economic system and inventory markets – continues.
European fairness exchange-traded funds have pulled in 34 billion euros ($38.6 billion) of money over the 12 months to Might 16, 4 instances the 8.2 billion euros put into U.S. fairness funds, Morningstar information reveals. By comparability, in 2024 web flows into U.S. fairness funds in Europe had dominated by a ratio of greater than 8:1 over domestically targeted merchandise.
Market holidays in the US and Britain ought to hold buying and selling comparatively muted on Monday.
It is also comparatively quiet on the information entrance, with the notable releases this week together with the Fed’s focused inflation metric, Private Consumption Expenditures, for April, due on Might 30. That might paint a clearer image of the influence of U.S. tariffs.
April was a risky month within the markets after Trump’s tariff onslaught on April 2, however current shopper and producer costs information has not flashed inflationary warning indicators simply but.
The euro zone’s greatest economies – France and Germany -report shopper costs information on Tuesday and Friday, and bloc-widefigures observe the week after.
