It was a pretty boring session with limited newsflow and just a few low tier economic releases. We've got some usual tariff talk with the EU saying that the 15% tariff will be all-inclusive, therefore applied also to cars and car parts. The EU trade chief Sefcovic also added to expect some 'turbulence' in talks moving forward, which is normal. In my opinion, the tariff trade is done and markets will focus on economic data and the Fed for the remaining part of the year.
In the markets, we haven't seen much movement as traders might be waiting for the US ISM Services PMI release due at 10 am ET. The focus will likely be on the prices component. Fed's Daly dovish comments yesterday gave the stock market another boost as rate cuts are now the driving force and we will likely need a strong growth scare or very hot data to weigh on the sentiment.
We have also Trump speaking with CNBC's "Squawk Box" at the top of the hour where he will likely boast the achievements as usual, talk about the billions in revenue they are getting with tariffs, critizise Fed Chair Powell and so on.
This article was written by Giuseppe Dellamotta at investinglive.com.Hence then, the article about investinglive european fx news wrap markets hold steady ism services in focus was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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