European Shares Hold Steady as Investors Await Policy Updates

From Investing.com: 2025-05-06 05:33:00

European shares remained stable on Tuesday, with investors focusing on corporate earnings and potential tariff changes while awaiting U.S. policy decisions. Market sentiment seems steady after weeks of volatility, with markets adjusting to remarks from President Trump. Despite the lack of clear trade deals, the U.S. administration continues to push for new tariffs, causing unease among investors. The U.S. Treasury Secretary believes in the strength of U.S. investments, but both U.S. stock indices and the dollar are struggling. Asian currencies are gaining against the dollar, potentially weakening support for the currency. Gold prices surged at the start of the week, reaching high levels, while oil prices rose slightly due to bargain hunting. Positive economic data from Germany and other EU countries boosted the Euro. Gold’s technical analysis suggests a potential rally, with resistance levels at 3380, 3400, and 3425, and support at 3354, 3325, and 3300.



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