Japan to resist Trump efforts to form trade bloc against China.Reports say that Japan is to resist Trump efforts to form trade bloc against China, which is Trump's strategy to force a deal with China. We are seeing more and more countries stepping up their tone as the US now looks much weaker than it looked just a couple of weeks ago.

Oil News: Crude Futures Hover Near Pivot as OPEC Output, Trade Talks Stir Volatility.Crude oil futures hover near key technical levels as bearish OPEC+ signals and trade war uncertainty cloud the oil demand and price forecast.

US Dollar recovery stalls as optimism over US-China trade war deal wanes .The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, trades on the back foot and is down 0.50% at the start of the European trading session on Thursday. The knee-jerk reaction comes after comments from United States (US) President Donald Trump and US Treasury Secretary Scott Bessent.

India's BSE Sensex closed about 0.4% down at 79,801 on Thursday, halting a seven-session winning streak that sent the index to its highest since January. The drop was attributed to some profit-taking and rising geopolitical tensions between India and Pakistan following the Pahalgam attack, which prompted caution among investors. This was despite underlying positive factors such as the continued flow of foreign investment and the improving inflation outlook. Meanwhile, traders continued to monitor trade relations between the US and China, while also evaluating dovish commentary from the minutes of the RBI’s April meeting.

Eurozone: Tariff reversal is some relief, but no game changer – ABN AMRO.High uncertainty continues to impact the eurozone economic recovery. The recovery is halted by tariffs in the near term; fiscal policy raises growth outlook in 2026.

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