France Industrial Output (MoM) came in at -0.4% below forecasts (-0.1%) in December

Feb 5, 2025

EU prepares to hit Big Tech in retaliation for Trump’s tariffs – FT

Citing two officials with knowledge of the plans, the Financial Times (FT) reported on Wednesday that the European Commission is preparing to deploy its “anti-coercion instrument” (ACI) in a potential retaliation to US President Donald Trump’s tariffs, which would enable the European Union (EU) to target US service sectors like Big Tech.

Forex Today: US Dollar retreats, Gold renews record-high as markets await US data

Here is what you need to know on Wednesday, February 5: After weakening against its major rivals on improving risk mood and disappointing US data on Tuesday, the US Dollar (USD) struggles to hold its ground early Wednesday.