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

29 May 2026, 6:53 PM

Daily Summary: Buyers continue to dominate the markets despite geopolitical turmoil⏰

29 May 2026, 6:26 PM

📆Three markets to watch next week (29.05.2026)

29 May 2026, 2:51 PM

US OPEN: Dell soars and keeps pushing tech stocks higher 🚀

29 May 2026, 10:08 AM

EU50 near record highs: broad-based gains and buybacks support european equities 🔎

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