Bonds & Stocks
Stocks fell and the dollar rose as Donald Trump escalated his tariff threats against the European Union and Mexico, with traders also gearing up for results from big banks. In the run-up to key inflation data, Treasury yields edged higher. Bitcoin topped $120,000.
Economy
Donald Trump’s proposed 30% tariff on European Union goods is “effectively prohibitive” to transatlantic trade and could warrant retaliation, the bloc’s chief negotiator said. Maros Sefcovic warned that counter measures may be on the table as an option to strike back against the US president’s levies.
World
Oil rose after China’s economy showed signs of strength, while traders await US President Donald Trump’s next steps on the war in Ukraine. Global benchmark Brent rose above $71 a barrel, after gaining 3% last week.