Following Donald Trump’s move on Friday, trade negotiations between the EU and the U.S. will remain the key focus for markets in the coming hours.
Overnight, the 50% tariffs on all EU goods have been postponed until the conclusion of official trade talks (i.e., until July 9). However, potential comments from the European Commission, the White House, or ECB President Christine Lagarde could drive volatility during today’s session, especially in the currency markets.
That said, market activity is expected to remain limited due to a lack of macroeconomic data releases and the bank holiday in the U.S. and the U.K.
Economic calendar for today:
07:30 AM BST, Switzerland - Employment Data:
-
Employment Level (Q1): previous 5.534M;
02:30 PM BST, Germany - German Buba President Nagel Speaks
03:30 PM BST, Euro Zone - ECB President Lagarde Speaks
Morning Wrap: AI drives Nikkei 225 gains, oil prices decline (30.09.2026)
Daily summary: Wall Street sentiment weakens amid hawkish Fed remarks 🚩 USDIDX at its highest level since July 24
Join Us Live: Market Update
Economic Calendar - RBA Hawkish Move and a Wave of Central Banker Speeches
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.