Markets Brace for Turmoil Amid U.S.-EU Tariff Bust
European and global markets adjust after U.S./EU tariffs fell short of expectations. The euro steadies below $1.1600, while speculation mounts about future dollar trades. As the U.S. prepares for increased import tariffs, global trade tensions and uncertainties persist amidst ongoing talks with China.
European and global markets are cautiously adapting after the anticipated impact of U.S./EU tariffs turned out to be less significant than expected. Asian markets are quietly recovering, even as European stock futures inch higher and the euro stabilizes just under $1.1600.
Speculators remain active amid anticipation that the crowded long euro/short dollar trade will tilt back in favor of dollar sales. U.S.-imposed import tariffs are set to elevate costs for consumers and constrain profit margins, contributing to ongoing global economic tensions.
In the backdrop, talks between the U.S. and China continue in Stockholm, with expectations the deadline will extend by 90 days, possibly facilitating a meeting between Trump and Xi Jinping. Meanwhile, Wall Street stays optimistic as earnings reports loom from major players like Meta, Microsoft, Apple, and Amazon.
(With inputs from agencies.)
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