Trade and geopolitics are now taking center stage. The European Union (EU) has reached a provisional agreement on legislation to abolish import duties on US goods. This implements a key component of the trade deal struck with Washington last July and is expected to avert higher US tariffs on EU products. In Beijing, the heads of state of China and Russia are meeting for a summit on Wednesday. The meeting between Xi Jinping and Vladimir Putin comes just days after US President Donald Trump's visit to China.
Furthermore, the EU statistics office will release final inflation data for April. Based on preliminary figures, an inflation rate of 3.0 percent was reported, placing it a full percentage point above the European Central Bank's medium-term target. Many experts anticipate the ECB will raise its key interest rate next month to combat rising prices.
On the corporate front, the spotlight is on Commerzbank's annual general meeting, where the defense against a planned takeover by the Italian banking giant UniCredit is expected to be the primary focus. In the US, investors are awaiting the quarterly report from chip giant Nvidia. Additionally, billionaire Elon Musk's space company, SpaceX, is expected to publish its IPO prospectus.
Closing levels of European Level
Stock Indices and
Futures on Tuesday
Dax 24,400.65
EuroStoxx50 5,851.16
EuroStoxx50 Future 5,863.00
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Closing levels of Level Change in
US Indices on Tuesday Percent
Dow Jones 49,363.88 -0.6%
Nasdaq
S&P 500 7,353.61 -0.7%
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Asian Indices on Price at 07:00 Change in
Wednesday CET Percent
Nikkei 59,516.28 -1.7%
Shanghai 4,150.98 -0.4%
Hang Seng 25,641.11 -0.6%
(Report by Sanne Schimanski. For inquiries, please contact our editorial office at berlin.newsroom@thomsonreuters.com (for politics and economics) or frankfurt.newsroom@thomsonreuters.com (for companies and markets).)
