BREAKING: EU is readying new trade weapon to hit United States

According to the Politico report, Phil Hogan, European Commissioner for Trade, will present a new trade weapon to hit the United States later this week. Report did not provide much details but claimed that new measure will allow EU to impose higher tariffs on Washington. Potential exacerbation of the EU-US trade war is another source of concerns for the markets and could have been the reason behind today’s plunge. Major stock market indices are trying to recover currently as investors have high hopes that USMCA deal will be announced later today.

DAX smashed through two important supports today. However, the index halted decline at the 12900 pts handle and is trying to recover from there. Source: xStation5

11 November 2026, 7:24 PM

📊Daily Summary: Tech sector drives Wall Street rebound, DAX leads in Europe

11 November 2026, 2:42 PM

US Open: Nasdaq 100 rises nearly 2% as CoreWeave and Nvidia rebound 📈 EURUSD hits its lowest level since May 12, 2026

11 November 2026, 1:58 PM

Market wrap: Siemens Energy gains 9% after earnings 📈 European earnings season in focus

11 November 2026, 9:02 AM

📈 US500 continues its rebound

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