Bloomberg Daybreak: Europe Edition
‘Targeted’ Tariffs Drive Stocks, Turkey Turmoil & Crunch Week For Reeves
Mar 24, 2025
Emerging signs of a more measured approach to tariffs by Trump boosted US and European stock futures. The UK government is considering changes to its digital services tax amid trade concerns. In Turkey, the arrest of Erdogan's main rival is stirring up market instability. Mark Carney raises alarms about US intentions towards Canada. Meanwhile, US and Ukrainian officials are in discussions to halt Russia's invasion, with global markets watching cautiously.
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Quick takeaways
- US and European stock futures rose as expectations grow for more measured tariffs from President Trump's administration, easing market concerns.
- Turkey's political turmoil intensified with the arrest of Erdogan's main rival, highlighting risks of increased market instability and public protests.
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