020 7898 0500Yesterday, the EU trade commissioner Cecilia Malmstrom announced that Europe is preparing to impose new tariffs on $20 billion of US imports. The tariffs will only go ahead if Trump follows through on his threat to place new tariffs on European car imports. The announcement wasn’t very diplomatic, coming as it did as Juncker prepared to meet Trump to discuss trade.
Today we will see the ECB interest rate decision and the accompanying press conference. It will be interesting to see what president Mario Draghi has to say about the eurozone’s recent economic performance. We will also see Gfk consumer confidence for August from Germany.
