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Euro, stocks win when Europe is looking for the Ukraine plan: markets wrap


(Bloomberg) – The euro that was won in early trade in Eastern European currencies when the leaders of the region offer themselves around Ukraine in relation to a withdrawal from the United States.

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The common currency rose by $ 0.4%, exceeded the big colleagues and sucked part of the loss of last week. The Polish Zloty and the Romanian Leu have also promoted. The Asian stocks were higher, with a rally in Hong Kong being underpinned in technological stocks.

The markets begin the week with geopolitics that dominate, while the European leaders described the so -called Great Britain as the “coalition of readiness” to secure the Ukraine after an Oval Office Clash between the US President Donald Trump and Ukrainian President Volodymyr Zelenskiy. China is also due to the fact that the greatest political fluctuations of the year threatens as soon as the US tariffs threaten to test Beijing’s ability to increase economic dynamics.

“The US tournaround is certainly a historical opportunity for Europe to combat the topic of autonomous European defense with potentially very positive economic effects, as we know that many innovations with military application can have significant civilian advantages – for example the Internet,” said Christopher Dembik, Senior Investment Manager at Pictet Asset Management. “But beware of excessive optimism.”

After a rally on Sunday, Bitcoin sat down lower with Trump on his plan for a strategic crypto reserve.

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In Asia this week, Traders’ hopes are high that an increase in budget expenses is announced in the Chinese National People’s Congress in order to strengthen domestic demand, whereby the risk of US tariffs runs and this year’s bladder shares will be maintained.

“We are reasonably confident that the AI-controlled optimism and the dynamics in Hang Seng will remain here at short notice, but after the record profits, a consolidation time is justified,” said Wee Khoon Chong, senior strategist at BNY.

Investors are waiting for news about negotiations at the last minute to avoid a further increase in US trade tariffs to Chinese goods that are to come into force this week together with taxes on Mexico and Canada.

In the meantime, the prospect of an increase in defense spending by European countries has led to a sharp rally to the companies involved in this sector, such as Deutschlands Rheinmetall AG, the British BAE Systems PLC and Rolls-Royce PLC and Italy’s Leonardo Spa. Nevertheless, the German and French Bond Futures went through the block due to the concern for increasing debt agency.

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