It's been a pretty quiet session in terms of the newsflow but in the final part of it, we got a report from CNN saying that Trump mulled a national emergency declaration to allow for the new tariff program.
This sent the US Dollar higher and had a negative impact on risk assets with stocks paring gains and commodities falling. Will Trump deny this news as well later in the day? Keep an eye on that.
In the American session, we have Fed's Waller speaking and we get some US labour market data as we get the US ADP and the latest US Jobless Claims figures. We will conclude the day with the FOMC Meeting Minutes although as it usually the case, the release shouldn't change much for the markets.
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