The European Central Bank signaled a major policy reversal Thursday, flagging plans for fresh measures to stimulate the eurozone’s faltering economy less than three months after phasing out a €2.6 trillion ($2.9 trillion) bond-buying program, making it the first rich-country central bank to ease policy in response to a global slowdown.
EU Stock Market
The pound is falling after comments from US president Donald Trump suggesting the UK’s current Brexit plans would forestall a bilateral trade deal.
Pound hit as Trump Brexit comments highlight political exposure.
Stocks recovery continues as US-China trade fears ebb.
Asia-Pacific equities recover as US-China trade dispute fears ebb. Sterling dips briefly after Trump makes harsh Brexit comments on visit to Britain
Stocks mostly climbed in Asia as concerns about US plans for tariffs on $200bn of imports from China continued to dissipate. The pound dipped briefly following comments from US President Donald Trump suggesting the UK’s current Brexit plans would forestall a bilateral trade deal, while oil prices edged lower after a partial recovery during the previous session.
Trump ratchets up trade tension.China leads broad sell-off as US prepares tariffs on a further $200bn in imports
What you need to know:
Escalation of trade war sours mood.
China-focused stocks lead broad sell-off; European bourses set to follow.
Pompeo hints at Iran oil sanction waivers.
StockMarketNews.Today – China is looking to overcome EU wariness and build a coalition against Washington at a summit in Beijing with European leaders on July 16-17, with Donald Tusk, president of the European Council, and EU Commission president Jean-Claude Juncker leading the visiting delegation.