Key Events
Trading in the European stock market is open and looks quite quiet in the first deals.
this FTSE 100 Up 0.1%. The top booster is a gambling company Included – 2.1% increase in competition for rival Betmgm to boost its full-year guidance – Warhammer Statue Maker Game seminarAfter saying profits rose by 30%, it increased by 1.5%.
this Euro Stoxx The index of Europe’s largest companies grew 0.2% in early stage industries, while France’s CAC 40 Growing 0.1% in Germany Dax Up 0.4%.
US-China Talks about Expansion as Trump targets “world tariffs”
Good morning, welcome to cover business, economic and financial markets in real time.
after us The EU announced an overview of a trade deal that would limit tariffs to 15%, which looks like it is with China According to the next agenda of that a truce in the trade war is “possible”. Trump administration.
U.S. Treasury Secretary Scott Bessent Arrived in Sweden yesterday and arrived with the Chinese Vice Premier He livedaccording to Reuters. Back to the United States, Howard LutnikCommerce Secretary told Fox News that delaying higher tariff deadlines is possible:
Is that a possible result? Of course, it seems to be the case, but let’s leave it to President Trump to make the decision.
Donald Trump caused chaos in financial markets after China’s 145% slap tariffs. But in May he Announced a 90-day pauselowering tariffs to (still very large) 30%. This leaves a deadline for August 12 for talks, but this is
U.S. Trade Representative Jamieson Greer Telling CNBC News that he didn’t expect “there was some kind of huge breakthrough today” during his talks in Stockholm, even though he marked one Transactions last month to speed up rare earth metal imports From China to the United States will be on the agenda. He said:
What I expect is that so far our agreement has implemented the implementation of our agreement, ensuring that key critical minerals are flowing between the parties and laying the foundation for strengthening and balancing trade.
After the U.S. and the EU announced an agreement to limit tariffs to 15%. The end of market uncertainty seems to have been initially welcomed by the market on Monday, only because of a bit of sour mood later that day. French Prime Minister François BayrouThe EU said it imposed a commission on Donald Trump and said it was a “dark day” for the EU.
Trump suggested on Monday that he could impose “world tariffs” on all countries that have not yet agreed to the trade agreement. The tariff could be 15% or 20% – meaning that after all negotiation efforts, the EU may carry a similar term to the rest of the world.
Yesterday on the golf course in Scotland Visit British Prime Minister Keir StarmerTrump said:
What I want to say will be in the range of 15% to 20%. Probably one of these two numbers.
Regarding the prospects of the China talks, Trump said:
I would love to see China open up their country.
Back in May, Trump had said that China had “agreed to open up” – but there seemed to be more work to be done.
Agenda
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BST 9:30 am: Bank of England Mortgage approval (June; Previous book: 63,032; Consensus: 63,000)
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BST 9:30 am: Bank of England Consumer Credit (June; Previous book: £859 million; Consensus: £1.2 billion)
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