The Latest Breaking News from ING

Economists are slashing eurozone growth forecasts after Trump’s 20% tariffs on EU exports. Weaker trade, confidence, and investment now dominate outlooks, boosting expectations for ECB rate cuts, with April seen as likely. Inflation risks take a back seat for now.

Trump’s reciprocal tariffs range from 10 percent to more than 50 percent on the US’s trading partners.

June S&P 500 E-Mini futures (ESM25) are up +0.97%, and June Nasdaq 100 E-Mini futures (NQM25) are up +1.14% this morning, with investors hopeful that the next wave of U.S. President Donald Trump’s tariffs will be less severe than previously signaled.

Chancellor may see data as vindication for spending cuts but some analysts say more radical action will be needed

Germany has passed a landmark spending bill, unlocking hundreds of billions of euros for defence spending and infrastructure investment. While the historic debt reform is expected to boost Europe’s largest economy, there are further implications for its stock and bond markets.

The Chinese economy showed signs of improvement in the first two months of the year, though the weak housing market remained a drag on growth

The US Federal Reserve is widely expected to keep interest rates unchanged at its policy meeting this week, treading carefully amid uncertainty over President Donald Trump's economic policies, which include spending cuts and sweeping tariffs.

The South Korean singer was found at his Seoul home

Beijing is much better positioned to withstand US tariffs than during Trump’s first administration, analysts say.