News

Stocks and euro rise after Trump delays tariffs

Global markets and euro rise as Trump delays EU tariff decision to July, easing trade tensions temporarily.

Published

8 months ago

May 27, 2025

Ahron Young

Global markets and euro rise as Trump delays EU tariff decision to July, easing trade tensions temporarily.

In Short:
Global markets rose after Trump postponed EU tariffs, with European stocks climbing to pre-announcement levels. However, concerns about rising debt and tariff impacts on Asian stocks persisted.

Global markets increased on Monday as U.S. President Donald Trump postponed proposed 50% tariffs on European Union goods until July.

The MSCI world shares index rose by 0.2%, and the pan-European stocks index climbed by 0.9%, returning to pre-announcement levels.

Trump’s decision came after European Commission President Ursula von der Leyen requested more time for discussions.

This development highlighted the volatile nature of trade policies, prompting analysts to note a trend of investors reallocating funds from U.S. markets to Europe and Asia amid recession concerns.

Commerzbank remarked on the unpredictability of Trump’s policies, while SEB Research pointed out a mix of factors affecting U.S. asset attractiveness, indicating potential dollar depreciation and rising U.S. interest rates.

Pound strengthens

The dollar fell 0.1% against other currencies, while the euro gained 0.23% to $1.1380. The pound also strengthened by 0.2%.

Monday’s trading volume was lower due to public holidays in the U.S. and Britain.

Concerns over increasing debt levels in developed economies were noted following a Moody’s downgrade of the U.S. credit rating.

In Asia, stocks closed lower, with notable declines in Chinese automobile shares and Apple suppliers amid tariff concerns.

In Japan, the Nikkei 225 rose by 1%, its largest gain in nearly two weeks, influenced by positive news regarding Nippon Steel’s takeover.

Oil prices dipped alongside gold, which retreated from recent highs.

News

Ukraine and Russia set for U.S.-brokered peace talks in Abu Dhabi

Published

11 hours ago

February 2, 2026

Harvey Vargas

Ukrainian President Volodymyr Zelenskyy has confirmed that new peace talks with Russia will take place in Abu Dhabi later this week. The discussions are part of U.S.-led efforts to find a path toward ending the ongoing war.

Zelenskyy emphasised that Ukraine is prepared for meaningful dialogue aimed at achieving peace. The announcement comes after weeks of uncertainty over the timing of the meeting.

U.S. special envoy Steve Witkoff described prior discussions with Russian officials as productive, though major disagreements over territorial issues remain unresolved.

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News

Tensions rise as Iran threatens conflict and U.S. increases naval forces

Iran warns of regional conflict, labels European armies terrorists; U.S. boosts naval presence as both sides consider negotiations.

Published

13 hours ago

February 2, 2026

Harvey Vargas

Iran warns of regional conflict, labels European armies terrorists; U.S. boosts naval presence as both sides consider negotiations.

Iran has warned of a potential regional conflict if the U.S. launches an attack, while labelling European armies as terrorists. Supreme Leader Ayatollah Ali Khamenei insisted that threats from President Trump will not intimidate the Iranian people.

The U.S. has ramped up its naval presence in the Middle East in response to mounting threats, amid speculation over Iran’s next moves. Iranian officials have denied claims of imminent naval exercises in the Strait of Hormuz, adding to global uncertainty.

#MiddleEastCrisis #IranUS #Geopolitics #NavalTensions #Trump #AyatollahKhamenei #EuropeanUnion #GlobalConflict

News

Carlos Alcaraz becomes youngest man to complete career Grand Slam

Carlos Alcaraz, at 22, stuns tennis by winning the Australian Open, defeating Djokovic, and celebrating with a kangaroo tattoo.

Published

13 hours ago

February 2, 2026

Harvey Vargas

Carlos Alcaraz, at 22, stuns tennis by winning the Australian Open, defeating Djokovic, and celebrating with a kangaroo tattoo.

Carlos Alcaraz has stunned the tennis world by winning the Australian Open, becoming the youngest man to complete a Career Grand Slam at just 22 years old.

The world number one beat Novak Djokovic in a thrilling four-set match, finishing 2-6, 6-2, 6-3, 7-5. Djokovic missed out on claiming his 25th Grand Slam title. To mark the milestone, Alcaraz revealed he plans to add a new tattoo of a kangaroo on his leg, joining his existing Eiffel Tower and Wimbledon strawberry tattoos.

#CarlosAlcaraz #AustralianOpen #GrandSlam #TennisHistory #NovakDjokovic #SportsNews #TennisTattoo #YoungChampion