Trump tax plans add support to already convincing stock market rally; IBEX lags behind as Madrid moves to impose direct rule over Catalonia; GBP jumps on optimistic May comments after meeting with EU-27.
Europe's claim to be the global champion of open trade and a counterweight to the threatened protectionism of U.S. President Donald Trump risks ringing hollow if it cannot sign a new Pacific free trade deal by the end of 2017.
Twenty-nine Chinese steel firms have had their licenses revoked as Beijing kept up its campaign to tackle overcapacity in the sector and days after U.S. President Donald Trump said he would open a probe into cheap steel exports from China and elsewhere.
The dollar recovered from a two-week low against a broad index on Thursday, having slid after U.S. President Donald Trump said the currency was getting too strong and that he would prefer the Federal Reserve to keep interest rates low.
The United States is pushing for trade to be a key issue in top-level economic talks with Japan, a person directly involved in the talks told Reuters on Thursday, an unwelcome development for Tokyo, which seeks to fend off U.S. pressure to reduce the bilateral trade imbalance.