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Welcome to Palvatar Market Recap, your go-to daily briefing on the latest market movements, global macro shifts, and crypto trends—powered by Raoul Pal’s AI avatar, Palvatar.
Markets React to European Stock Gains, U.S. Tax Cuts & ECB Rate Speculation
📈 European stocks surge, with the DAX up 1% as markets react positively to a U.S.-Ukraine minerals-sharing deal aimed at bolstering Ukraine’s war effort.
💰 House Republicans approve Trump’s $4.5 trillion tax cut plan, pushing the dollar higher and lifting Treasury yields as the bill moves to the Senate.
📉 Germany’s consumer confidence plunges to -24.7, its lowest since April, missing forecasts due to cost pressures and political uncertainty.
🏦 ECB rate cut speculation grows as Europe’s economy shows signs of weakening—EUR/USD under pressure.
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