Disney says its theme parks generate $67 billion in annual U.S. economic impact
Disney’s economic impact report arrives on the heels of its announcement of a new theme park in Abu Dhabi and the opening of rival Universal’s Epic Universe.
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Australian PM Albanese says won’t back down on biosecurity in trade talks with tariff man
Australian PM Albanese
- Will not loosen any rules regarding biosecurity during trade talks with United States
Albanese is fresh off a landslide election win. He won’t be chickening out.
This article was written by Eamonn Sheridan at www.forexlive.com.
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More from Germany’s Merz, says US tariffs are threatening our economy
Merz spoke with CNN earlier:
Speaking with Fox now:
- US tariffs are threatening our economy
- We are looking for ways to bring them down
Merz not the only one frustrated with tariffs:
This article was written by Eamonn Sheridan at www.forexlive.com.
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Musk’s feud with Trump and exit from DOGE are really bad for DogecoinDogecoin tumbled Thursday as Elon Musk’s feud with President Donald Trump spilled into public view and their alliance quickly crumbled.
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German Chancellor Merz told CNN that Europe is seeking greater independence from China
German Chancellor Friedrich Merz has signalled a strategic shift in Europe’s economic approach, telling CNN that the continent is actively seeking greater independence from China. The remarks reflect growing concerns in Berlin and Brussels over the risks of overreliance on Chinese supply chains, particularly in critical sectors like technology and clean energy. Merz stressed that this push for diversification is not about economic decoupling but rather about building resilience and reducing vulnerabilities.
The Chancellor also voiced strong concern over the impact of trade tensions, warning that tariffs are inflicting “terrible” damage on Germany’s flagship auto industry. With German automakers heavily exposed to global supply chains, rising protectionism is posing a significant threat to growth and competitiveness. Merz’s comments add to mounting pressure on the EU to respond strategically to the evolving global trade landscape.
On the diplomatic front, Merz revealed that the German Chancellery and the White House have agreed to deepen their coordination on trade policy. The pledge for closer cooperation comes as both sides face common challenges from Beijing’s industrial policies and confront the broader task of maintaining a level playing field in global commerce.
This article was written by Eamonn Sheridan at www.forexlive.com.
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European Central Bank Continues Rate Cut Cycle
Summary The European Central Bank (ECB), in a widely expected decision, lowered its Deposit Rate by 25 bps to 2.00% at today’s announcement, while its accompanying statement contained both dovish elements and some more constructive elements. The ECB noted that current conditions were exceptionally uncertain, while also observing a deceleration in underlying inflation pressures and […]
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Sunset Market Commentary
Markets The ECB delivered as expected its eighth 25 bps rate cut to 2%. One member (most likely Holzmann) voted to skip. ECB chair Lagarde avoided a question whether this was now a neutral rate but said the current level means it is well positioned to navigate through the uncertain conditions. It clearly mimics recent […]
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USD/CHF Mid-Day Outlook
Daily Pivots: (S1) 0.8153; (P) 0.8202; (R1) 0.8233; More…. Intraday bias in USD/CHF remains neutral as it’s staying in established range. Fall from 0.8475 could extend lower, and break of 0.8156 will target 0.8038 low. But strong support should be seen from there to bring rebound, at least on first attempt. On the upside, break […]
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ECB cuts 25bps, downgrades inflation forecasts
ECB lowered deposit rate by 25bps to 2.00% as widely expected. The central bank cited “exceptional uncertainty,” and its commitment to a data-dependent, meeting-by-meeting approach, refraining from offering forward guidance on the future path of interest rates. In the updated economic projections, ECB now expects headline inflation to average 2.0% in 2025 and 1.6% in […]
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(ECB) Monetary policy decisions
5 June 2025 The Governing Council today decided to lower the three key ECB interest rates by 25 basis points. In particular, the decision to lower the deposit facility rate – the rate through which the Governing Council steers the monetary policy stance – is based on its updated assessment of the inflation outlook, the […]
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