Rolling coverage of the latest economic and financial news, as Andrew Bailey insists: “I think the path [for interest rates] is down.
European stock markets are on track to open lower, following Donald Trump’s threatened 30% tariff on EU imports.
The EUROSTOXX 50 index of large European companies is down 0.72% in futures trading, while DAX futures (the German stock market) are down 0.84%, Reuters reports.