President Trump is tightening the screws on trade, reaffirming that tariffs on Canada and Mexico will proceed as planned next week. Financial markets have reacted with stocks selling off, already weighed down by softer US economic data and rising inflation.
The euro has been consolidating recent gains as it awaits developments in the German coalition. Meanwhile, the Australian and New Zealand dollars have held up well despite Trump’s trade stance, supported by China’s liquidity measures and new policies aimed at reviving its property market and promoting rural reforms.
Key events on Tuesday’s calendar include German GDP, UK CBI trade data, Canada manufacturing sales, US Case-Shiller house prices, consumer confidence, Richmond Fed manufacturing, and speeches from the BoE, ECB, and Fed officials.
For the exact date and time of these major economic events, import the BlackBull Markets Economic Calendar to receive alerts directly in your email inbox.
