DAX - U.S. Tariff Threats On Mexico Compete With ECB For Attention
Overview
The implications of President Trump's assessment that there has not been "nearly enough" progress in negotiations with Mexico that would avert the tariff on June 10 competing for investors' attention, which had been squarely today's ECB meeting. Minutes before Trump spoke, Fitch cut its sovereign rating for Mexico to BBB from BBB+, while Moody's cut its outlook to negative from stable. A risk-off mood was seen in Asia, where most equity markets fell, though Hong Kong, Korean, and Australian equities advanced. Indian stocks fell over 1% despite the central bank cutting the repo and