Just as the ECB steps ups its role in European banking supervision, the ECB president’s banking supervision prowess is being severely called into question.
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Try as he might, he’s being Draghied into the scandal
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- FT: Trump is pushing for 15 – 20% minimum tariff on all EU goods. EURUSD moves lower.
- UK, France, Germany and Italy welcome deal but demand unconditional Hormuz access
- Fourteen-article MOU sets 30-day Hormuz deadline and excludes Iran missile program
- Trump says Hormuz will not be open until Friday, upon signing of ceasefire deal
- Iran confirms ceasefire MOU with U.S. but warns finger stays on the trigger
- Globex is open. Oil down 3%, ES and NQ up 0.7% and 1% respecitvely
- Trump posts on the deal with Iran
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UK, France, Germany and Italy welcome deal but demand unconditional Hormuz access Europe said welcome, then immediately flagged the parts of the deal it doesn't accept.
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