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Wednesday, April 2, 2025

European Markets Wrap-Up: US MBA mortgage applications w.e. 28 March -1.6% vs -2.0% prior

US MBA mortgage applications w.e. 28 March -1.6% vs -2.0% prior

Prior -2.0% Market index vs 247.5 prior Purchase index vs 155.8 prior Refinance index vs 752.4 prior 30-year mortgage rate % vs 6.71% prior... 

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EURUSD slides as fears about "powerful" tariffs grow

The noise around tariffs continues as we await the official announcement at 16:00 ET/20:00 GMT. The French Government Spokeswoman Primas said that France expects "powerful" tariffs in the range of 20-... 

ECB's Schnabel: Trade fragmentation is structurally harmful for economic growth, inflation

This adds to the remarks from Lagarde and Rehn earlier. For the ECB, it's now all about watching for Trump's tariffs and what will take place after. That will shape their expectations for the next pol... 

China restricts companies from investing in the US as tensions rise - BBG

Bloomberg reports that "several branches of China's top economic planning agency, the National Development and Reform Commission, have been instructed in recent weeks to hold off on registration and... 

It's the known unknowns that is gripping markets with uncertainty

The one thing we all know is that Trump will deliver his big announcement later in what he has been calling as Liberation Day in the US. It will come at 2000 GMT (4pm ET) at the White House, where he... 

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FX option expiries for 2 April 10am New York cut

There is just one to take note of on the board, as highlighted in bold . That being for EUR/USD closer to the 1.0800 level. The focus in markets today is on Liberation Day in the US, so that should ke... 

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