Europe: It’s geopolitics all the way – Danske Bank
|EU leaders are in Bulgaria to extend their links with partners during the EU-Western Balkans summit and the EU leaders also discussed the Iran nuclear deal, agreeing unanimously that the EU will stay in the agreement as long as Iran remains fully committed to it.
Key Quotes
“The trade with the US was also discussed. Today, the European Commission is expected to introduce a blocking statute to protect European companies doing business with Iran from the possible US sanctions. Previously, the US Treasury Department announced that companies doing business in Iran will have 90 to 180 days to cease their active contracts before facing US penalties.”
“The EU also promised to suspend trade negotiations with the US until the EU members receive total exemption from steel and aluminium tariffs by the US.”
“US stocks slid and the USD strengthened as US President Donald Trump said yesterday that he doubts the US and China could agree over their foreign trade. The world's two biggest economies have restarted negotiations over trade tariffs in Washington. Trump called China and the EU 'very spoiled'. The negotiations are continuing today.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.