Discuss the winds of change in the market, as the stock exchange reacts to the Trump administration's tariff threat against the European Union and Mexico. Skip to main content

Israeli fire in Gaza killed Reuters journalist Hussam al-Masri.

As he lived in a tent and battled to provide for his family, Hussam al-Masri, a Reuters journalist killed by Israeli fire on Monday while running a live video feed at Gaza's Nasser Hospital, covered the suffering of civilians during the conflict. According to journalist colleagues, Masri, 49, was a seasoned cameraman who was well-liked by Gaza's close-knit community of reporters because of his upbeat demeanor in the most perilous circumstances. In the months before his death, he would say, "Tomorrow will be better," despite the fact that the Palestinian enclave was becoming increasingly desolate and hungry. That was the conclusion of his final discussion with Mohamed Salem, a senior Reuters visuals journalist who had collaborated with Masri in Rafah, in southern Gaza, last year and had known him since 2003. Salem, who left Gaza later in 2024 but stayed in daily contact with Masri until Monday morning, said he was a pleasure to work with because of his smiles and o...

Discuss the winds of change in the market, as the stock exchange reacts to the Trump administration's tariff threat against the European Union and Mexico.


The major European indices suffered heavy losses on Monday as EU ministers met to discuss their reaction to Trump’s alliance to start levying a 30% tariff against the bloc’s goods from August 1.

Germany’s DAX was down almost 0.9 percent by 08:30 GMT, while the CAC 40, IBEX 35, and FTSE MIB were down from 0.7 to 0.8 percent.

The STOXX 600 index declined about 0.5 percent.

UK’s FTSE 100 would try to hold the rally, up by 0.2 percent.

Asia markets remained broadly tentative with Japan’s Nikkei 225 retreating by about 0.3 percent while the Hang Seng dipped by the same amount.

Off-hours US futures fell early Monday, with those for the S&P 500 and the Nasdaq Composite index plunging by over half a percent.

Markets are jittery with the August 1 deadline looming for US trade partners to strike trade deals with the other side.

No agreements have been announced by the Trump administration aside from the UK, China, and Vietnam, despite the long negotiations.

If Brussels and Washington cannot agree, EU officials threatened to impose retaliatory tariffs on US goods worth approximately 100 billion euros ($117bn).

In 2024, the EU was the largest trading partner of the US, with bilateral trade in goods and services amounting to 1.7 trillion euros ($2 trillion), according to the EU statistics agency Eurostat. 

On Sunday, European Commission President Ursula von der Leyen announced that the bloc would now push back the imposition of retaliatory tariffs on the US to August to give more time for officials to try and wrangle an agreement with the Trump administration.

"We've always stated clearly that we want to have a negotiated solution," said von der Leyen.


SOURCE : NEWS AGENCIES

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