From Yahoo Finance: 2025-05-19 09:42:00

The European Commission cuts growth forecasts for eurozone due to Trump’s tariff wars. Predicts 0.9% growth in 2025 and 1.4% in 2026. German economy suffers from lack of investment and high energy costs. Moody’s downgrades US credit rating, impacting global economy. G7 to discuss US tariffs impact in Canada.

Belgian central bank governor warns of eurozone stress from tariffs. US Treasury bond rises to 4.54%, German bond at 2.60%, Italian at 3.63%. European Commission sells bonds at 2.31% yield. UK consumer sentiment survey shows nervousness about spending, with a figure below 50 indicating contraction.

Read more: Eurozone growth forecasts cut amid uncertainty over Trump trade war