Germany’s Economic Recovery Slows as Trade Tensions and Rising Costs Weigh on Growth 
RBI Cuts Repo Rate to 5.25% as Inflation Cools and Growth Outlook Strengthens 
Japan’s Nikkei Drops as Markets Await Key U.S. Inflation Data 
China Urged to Prioritize Economy Over Territorial Ambitions, Says Taiwan’s President Lai 
Asia’s IPO Market Set for Strong Growth as China and India Drive Investor Diversification 
European Oil & Gas Stocks Face 2026 With Cautious Outlook Amid Valuation Pressure 
Asian Markets Mixed as RBI Cuts Rates and BOJ Signals Possible Hike 
Dollar Weakens Ahead of Expected Federal Reserve Rate Cut 
Gold Prices Edge Higher as Markets Await Key U.S. PCE Inflation Data 
Austria’s AA Credit Rating Affirmed as Fitch Highlights Stable Outlook 
Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets 
Dollar Slides to Five-Week Low as Asian Stocks Struggle and Markets Bet on Fed Rate Cut 
BOJ Governor Ueda Highlights Uncertainty Over Future Interest Rate Hikes 
U.S. Stocks End Week Higher as Markets Anticipate Fed Rate Cut 
Spain’s Industrial Output Records Steady Growth in October Amid Revised September Figures 
Oil Prices Rise as Ukraine Targets Russian Energy Infrastructure 
Until July 9, 2025, President Trump will increase the deadline for imposing a 50% tariff on imported goods from the EU. After a phone conversation with European Commission President Ursula von der Leyen, who requested more time to finalize if he wanted to negotiate - the decision was made. Von der Leyn stated that the EU is committed to making prompt and forceful progress in trade negotiations, but acknowledged that it will take more time to reach a beneficial agreement. Additionally,
Trump had initially scheduled 90 days for negotiations with the EU, which was to end on July 9. He had contemplated imposing tariffs of up to 20% on EU goods, which were later reduced to 10%, but threatened to increase them to 50% starting on June 1. The extension eliminates the immediate threat of these heightened tariffs.'
Following the extension, the markets responded positively with a rise in European stock futures and reversals in gold prices. This delay allows both the U.S. and the EU to keep talking and diplomacy going in order to resolve trade disputes rather than a potential trade war.
