Markets are fairly steady currently, amid Trade War jitters with Donald Trump officially imposing a 25% tariff on all steel and aluminium imports into the US earlier this week.
With Europe set to be affected fairly heavily in particular, concerns about a tit-for-tat EU/US trade war have intensified with European Commission President Ursula von der Leyen stating the tariffs as unjustified, with damaging effects expected to the Eurozone economy. As a fallout from this, expectations for more interest rate cuts are now on the rise as the governing council attempt to help prop up growth, in an otherwise struggling economy.
Moving into this afternoon, we have the release of January's Inflation figures. At this stage, it is expected that we see no change to the figure recorded in December at 2.9%. However, even when you strip out food and energy prices, the figure albeit slightly dropping is still expected to be above 3%.
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