Tag Archives: European Commission

Canada is considering imposing new import tariffs on electric vehicles from China. This move aligns with Canada’s efforts to secure a significant role in the global electric car supply chain. Deputy Prime Minister Chrystia Freeland cited concerns about China’s excess production of electric vehicles, which Canada argues creates unfair competition …

China has criticised the European Commission’s probe into its electric vehicle subsidies as being protectionist. Beijing claims that the investigation has harmed business ties between China and the EU. Analysts and Chinese industry executives who contend that the sector’s competitive advantage is not the result of subsidies are worried about …

On Thursday, when the European Central Bank hinted that its monetary tightening was coming to an end, European stocks had their largest percentage gain in six months. The Eurozone equities index increased 1.3%, while the pan-European STOXX 600 index increased 1.5% to reach a more than one-week high.European stocks climbed …

Geopolitically; EU ministers cannot reach an agreement on new sanctions against Russia as ECB’s Lagarde and Fed’s Powell get ready to deliver their speeches on Tuesday, meanwhile the EUR/USD pair holds modest gains above 1.0400, corrective advance could extend to 1.0470.The EUR/USD pair ended Monday achieving modest gains in the …

WTI continues to trade choppy and within recent ranges above $100 as traders weigh geopolitics and oil reserve releases. At current levels in the $103.00 area, WTI is higher by just under $2.0 on the day. Technicals are playing an important role at present, with the 50-Day Moving Average just …

The flash estimate of March Eurozone Consumer Confidence dropped to two year low at -18.7 in March from -8.8 the month prior, data from the European Commission on Wednesday showed. That was much steeper than the expected drop to -12.9 and marked the worst such reading since May 2020. While …

The Euro seemed to take a hit in wake of the day and EUR/USD fell to session lows. The Eurozone Consumer Confidence index fell to -8.3 in December from -6.8 in November according to the flash estimate released by the European Commission on Tuesday. That was below expectations for a …

Traders await a very big week witnessing major regular monetary policymaking meetings by both the US Federal Reserve and the European Central Bank to decide the direction of their future monetary policy.Financial markets closely follow the upcoming outcomes of those two meetings, as they can turn out to be real …

Vice President of the European Commission Maroš Šefčovič, in public comments regarding Brexit negotiations, said that the European Union is willing and ready to look at any issue that is within the Northern Ireland protocol.Šefčovič has added that problems should be tackled one at a time, perhaps starting with medicines …

Bundesbank president Jens Weidmann has thrown an additional wild card on the negotiation table for Germany’s economy after Merkel’s last term in office.After 10 years opposing the ECB’s loose fiscal policy,the German economist announced his departure on Wednesday for personal reasons. Last month’s election pushed has pushed Dr Weidmann out …