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

16 October 2026, 6:55 PM

Daily Summary: Friday offers no relief; the US100 drops 2%🚨

16 October 2026, 5:21 PM

Three Markets to Watch Next Week (October 16, 2026)

16 October 2026, 12:42 PM

Market wrap: European indices rebound 🔼 Defence stocks on the rise

15 October 2026, 7:11 PM

Daily summary 📈 Precious metals and stock indices rebound as Treasury yields fall

Indices

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