Euro News (EUR)

In the view of the European Central Bank's Governing Council member Martins Kazaks, US tariffs increase uncertainty and elevate the risk of recession in the eurozone.

Italy and the US issued a joint statement on Friday to fight "discriminatory" taxes on digital services. According to Reuters, this could mean that Rome will refuse to impose tariffs that have displeased Washington.

As Morningstar DBRS reported on Friday, Italy's credit rating is trending toward a future upgrade. For now, it remains at BBB+, just one notch below its 2018 pre-pandemic rating. DBRS's optimistic outlook follows a recent upgrade to BBB+ by S&P Global Ratings.

Following the US announcement of large-scale tariffs, France’s President Emmanuel Macron appealed to the country's business community to take collective action. As Le Figaro journalists note, half a month later, the rhetoric of the French government has not changed.

An increase of the indicator value may contribute to the rise in quotes of EUR.

On Thursday, the European Central Bank (ECB) cut rates by 25 basis points to support the eurozone economy, which was weakened by the US tariffs. The euro fell in value, followed by a decline in the EU government bond yields.

More than a third of German companies plan to slash jobs in 2025, according to Reuters experts who reviewed a study by the German Economic Institute (IW).

According to Thorsten Polleit, professor of economics at the University of Bayreuth, the real reason for the ECB rate cuts has nothing to do with lower inflation. As he believes, the regulator is driven by necessity to increase the money supply in the region.

Speaking at the press conference following the European Central Bank’s (ECB) decision to cut rates by 25 basis points, ECB President Christine Lagarde showed an increased sense of urgency, pointing to several key factors, including escalating trade tensions and growing disinflationary pressures.

A decrease of the indicator value may contribute to the fall in quotes of EUR.