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

6 May 2026, 7:04 PM

Daily summary: Oil slumps 8% supporting Wall Street, precious metals and EURUSD

6 May 2026, 3:39 PM

US Open: Wall Street climbs higher driven by oil sell-off and technology stocks optimism 📈

6 May 2026, 12:50 PM

Nasdaq 100 has risen 25% from its March 31 low 📈 What’s next?

6 May 2026, 11:48 AM

Market Wrap: Axios reports drive European markets; Novo Nordisk the star of the day❓🚀

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