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EUROPE: German Economy Minister Reiterates Stance on Counter Tariffs

EUROPE
CEEMEABulletMarketsFixed Income BulletsForeign Exchange Bullets
  • "GERMAN ECONOMY MINISTER HABECK: EUROPE MUST RESPOND TO TRADE RESTRICTIONS, WE ARE PREPARED FOR THIS" (RTRS)
  • Worth noting nothing new on that Habeck headline, after stating last week that if Europe cannot convince President Trump, "then Europe will have to react as Canada and Mexico are prepared to do: with counter-tariffs".
  • Perhaps separately, EURUSD has extended its pullback in the last few minutes to 1.0310 from the earlier 1.0337 highs in early European trade, amid a notable bid filtering through for the broader greenback. 1.0272, the Feb 04 low is the immediate support level of note.
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  • "GERMAN ECONOMY MINISTER HABECK: EUROPE MUST RESPOND TO TRADE RESTRICTIONS, WE ARE PREPARED FOR THIS" (RTRS)
  • Worth noting nothing new on that Habeck headline, after stating last week that if Europe cannot convince President Trump, "then Europe will have to react as Canada and Mexico are prepared to do: with counter-tariffs".
  • Perhaps separately, EURUSD has extended its pullback in the last few minutes to 1.0310 from the earlier 1.0337 highs in early European trade, amid a notable bid filtering through for the broader greenback. 1.0272, the Feb 04 low is the immediate support level of note.