European indices hold slight gains to kick start the day

US tariffs hit 15.2%, highest since WWII. Markets brace for impact as inflation fears rise.

Saudi stocks hit 9-yr low valuation vs global peers, but reforms boost foreign investor inflows to 35%.

TSMC shares hit record high on US tariff exemption; Taiwan dollar strengthens. Investors relieved.

Chinese steel +23%, cement +16% rallies stall. Investors doubt Beijing's anti-price war plan, citing weak demand & past reforms.

US tariffs hit EU, Japan, SK 15-20%. Sony profits up 23% despite trade war fears. India faces 50% tariffs.

Even if you take the less volatile three-month comparison, production dropped by 1.0% in Q2 2025. That marks the steepest decline in output since the first half of 2020. Struggle.

Destatis says the sharp revision lower in May owes to corrective reports from some companies in the auto industry. And if you exclude energy and construction, German industrial output actually fell 2.8% m/m in June.