UBS lowers Eurozone growth forecast; Germany hit hardest by US tariffs, France less affected amid slowdown.
US sentiment declines amid tariff shocks; recession fears rise, prompting expected Fed rate cuts over inflation.
France’s February trade deficit widened to €7.87 billion as imports rose 2.4% while exports stayed flat.
ECB’s Šimkus advocates April rate cut amid trade tensions; EUR/USD dips, policy still deemed restrictive.
Market focus is on U.S.-China tariffs; three central bankers scheduled to speak may impact sentiment.
Oil prices rally briefly amid tariff threats, OPEC+ supply concerns, and fragile US drilling profitability signs.
China urges equality in U.S. talks, warns of firm response if trade tensions and tariffs escalate further.
Pound Sterling falls for second day, down 2.87% in two days; support seen near 1.2580.
Market sentiment sees brief relief; tariffs loom. Dollar weakens; key data, treasury auctions eyed for direction.
Gold holds above $3,000 as tariff concerns and Fed rate cut expectations boost safe-haven demand.
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