Market Information Monday 17 February 2025

The EU plans to block imports of food containing banned pesticides, echoing Trump’s tariff strategies. This initiative aims to protect EU farmers and may target US crops like soybeans, potentially increasing trade tensions. The strategy reflects the EU’s commitment to enforcing stricter health and environmental standards in imports and trade agreements.

Japan is investing $1.5 billion in the development of perovskite solar cells, aiming to challenge China’s dominance in renewable energy and reduce its reliance on fossil fuels. These ultra-thin and flexible cells can be installed in urban areas where space for conventional solar panels is limited, with a target to generate energy equivalent to 20 nuclear plants by 2040. Although initially more costly, Japan’s strategy focuses on energy security and competitiveness by reducing dependence on China’s supply chains.

Donald Trump announced a “reciprocal” tariff plan targeting trade partners such as Brazil, India, Japan, Canada, and the EU, aiming to address what Washington sees as unfair trade practices. The plan involves imposing tariffs on a country-by-country basis, particularly focusing on nations with which the US has significant trade deficits. The tariffs could take effect as early as April 2.

The 6M Euribor increased with 2 basis points to 2.51% compared to previous business day. The 10Y Swap increased with 5 basis points to 2.42% compared to previous business day.

In the attachment, today’s market data on money and capital market rates as well as other rates are presented.