[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  Neil Sethi [@neilksethi](/creator/twitter/neilksethi) on x 12.4K followers Created: 2025-07-21 12:48:35 UTC In Europe the benchmark #STOXX XXX is edging lower -XXX% as of 8.40am ET remaining in the middle of its range since early May. Major European indices are also trading lower. STOXX Europe 600: -0.2%, Germany's DAX: -0.2%, U.K.'s FTSE 100: -0.1%, France's CAC 40: -0.5%, Italy's FTSE MIB: -0.8%, Spain's IBEX 35: -0.2%. [Note: easier to read if you click into the post.] Stocks moved lower after the Financial Times reported Friday that President Donald Trump is pushing for a minimum tariff of XX% to XX% in talks with the European Union. The report also said that Trump would be content to keep auto sector tariffs at 25%. The current plan is for the U.S. to impose a XX% tariff of European Union imports starting Aug. X. European Union envoys are set to meet as early as this week to formulate a plan for measures to respond to a possible no-deal scenario with US President Donald Trump, whose tariff negotiating position is seen to have stiffened ahead of an Aug. X deadline. The overwhelming preference is to keep negotiations with Washington on track in a bid for an outcome to the impasse ahead of next month’s deadline. Still, efforts have yet to yield sustained progress following talks in Washington last week, according to people familiar with the matter. Negotiations will continue over the next two weeks. The US is now seen to want a near-universal tariff on EU goods higher than 10%, with increasingly fewer exemptions limited to aviation, some medical devices and generic medicines, several spirits, and a specific set of manufacturing equipment that the US needs, said the people, who spoke on condition of anonymity to discuss private deliberations. More than XX of Germany’s leading companies led by top executives including the heads of Deutsche Bank AG and Siemens AG and coordinated with Chancellor Friedrich Merz’s new government unveiled an investment drive worth at least €100 billion ($116 billion) in new projects to help lift Europe’s biggest economy out of its stagnation. Together with money already allocated, the total for the period of €631 billion includes both planned and new capital investments, research and development expenditures and commitments from international investors and is meant to send “a strong, positive signal” following outflows in recent years amounting to hundreds of billions of euros. Emerging-market borrowers are tapping the euro bond market at the fastest pace in over a decade, capitalizing on the rising demand for diversification away from the US dollar. The surge is being fueled by robust demand for developing debt, with non-dedicated investors playing a bigger role as credit quality improves. While euro-denominated bonds still account for a small share of total emerging-market supply, their volume is expected to remain high — both in absolute terms and relative to dollar-denominated deals. Companies and governments from developing economies have sold €89 billion of euro-denominated debt this year through July XX — the highest amount for this period since at least 2014, according to data compiled by Bloomberg. Government issuance alone has already exceeded the full-year total for 2024. UK home sellers dropped asking prices -XXX% m/m in July to £373,709 ($502,810), the most for any July on record (to 2005) with the steepest discounts offered at the more expensive end of the property market, with prices in London falling -1.5%, more than any other region. The top-tier saw the largest drop, down -XXX% to an average of £687,422. UK consumer sentiment suffered its biggest fall in nearly X years last month, according to a survey from Deloitte, which highlighted growing concerns around persistently higher inflation and a slowing labor market. Discount air carrier Ryanair reported a record profit for Q1 while automaker Stellantis reported weak results for the first half of the year. The EU is reportedly looking into banning car rental companies and large corporations from buying non-electric vehicles for their fleets starting in 2030. British oil major BP on Monday announced Albert Manifold as its new chair, succeeding Helge Lund. Manifold previously worked as CEO of CRH, the world’s largest building materials company, for XX years through to the end of last year. In economic data: U.K.'s July Rightmove House Price Index: -XXX% m/m (last -0.3%); XXX% yr/yr (last 0.8%)  XXXXX engagements  **Related Topics** [tariffs](/topic/tariffs) [stocks](/topic/stocks) [Post Link](https://x.com/neilksethi/status/1947277527136809091)
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Neil Sethi @neilksethi on x 12.4K followers
Created: 2025-07-21 12:48:35 UTC
In Europe the benchmark #STOXX XXX is edging lower -XXX% as of 8.40am ET remaining in the middle of its range since early May. Major European indices are also trading lower.
STOXX Europe 600: -0.2%, Germany's DAX: -0.2%, U.K.'s FTSE 100: -0.1%, France's CAC 40: -0.5%, Italy's FTSE MIB: -0.8%, Spain's IBEX 35: -0.2%.
[Note: easier to read if you click into the post.]
Stocks moved lower after the Financial Times reported Friday that President Donald Trump is pushing for a minimum tariff of XX% to XX% in talks with the European Union. The report also said that Trump would be content to keep auto sector tariffs at 25%. The current plan is for the U.S. to impose a XX% tariff of European Union imports starting Aug. X.
European Union envoys are set to meet as early as this week to formulate a plan for measures to respond to a possible no-deal scenario with US President Donald Trump, whose tariff negotiating position is seen to have stiffened ahead of an Aug. X deadline. The overwhelming preference is to keep negotiations with Washington on track in a bid for an outcome to the impasse ahead of next month’s deadline. Still, efforts have yet to yield sustained progress following talks in Washington last week, according to people familiar with the matter. Negotiations will continue over the next two weeks. The US is now seen to want a near-universal tariff on EU goods higher than 10%, with increasingly fewer exemptions limited to aviation, some medical devices and generic medicines, several spirits, and a specific set of manufacturing equipment that the US needs, said the people, who spoke on condition of anonymity to discuss private deliberations.
More than XX of Germany’s leading companies led by top executives including the heads of Deutsche Bank AG and Siemens AG and coordinated with Chancellor Friedrich Merz’s new government unveiled an investment drive worth at least €100 billion ($116 billion) in new projects to help lift Europe’s biggest economy out of its stagnation. Together with money already allocated, the total for the period of €631 billion includes both planned and new capital investments, research and development expenditures and commitments from international investors and is meant to send “a strong, positive signal” following outflows in recent years amounting to hundreds of billions of euros.
Emerging-market borrowers are tapping the euro bond market at the fastest pace in over a decade, capitalizing on the rising demand for diversification away from the US dollar. The surge is being fueled by robust demand for developing debt, with non-dedicated investors playing a bigger role as credit quality improves. While euro-denominated bonds still account for a small share of total emerging-market supply, their volume is expected to remain high — both in absolute terms and relative to dollar-denominated deals. Companies and governments from developing economies have sold €89 billion of euro-denominated debt this year through July XX — the highest amount for this period since at least 2014, according to data compiled by Bloomberg. Government issuance alone has already exceeded the full-year total for 2024.
UK home sellers dropped asking prices -XXX% m/m in July to £373,709 ($502,810), the most for any July on record (to 2005) with the steepest discounts offered at the more expensive end of the property market, with prices in London falling -1.5%, more than any other region. The top-tier saw the largest drop, down -XXX% to an average of £687,422.
UK consumer sentiment suffered its biggest fall in nearly X years last month, according to a survey from Deloitte, which highlighted growing concerns around persistently higher inflation and a slowing labor market.
Discount air carrier Ryanair reported a record profit for Q1 while automaker Stellantis reported weak results for the first half of the year. The EU is reportedly looking into banning car rental companies and large corporations from buying non-electric vehicles for their fleets starting in 2030. British oil major BP on Monday announced Albert Manifold as its new chair, succeeding Helge Lund. Manifold previously worked as CEO of CRH, the world’s largest building materials company, for XX years through to the end of last year.
In economic data:
U.K.'s July Rightmove House Price Index: -XXX% m/m (last -0.3%); XXX% yr/yr (last 0.8%)
XXXXX engagements
