Market Information Monday 21 July 2025

Donald Trump has escalated trade tensions with the EU by demanding tariffs of 15–20%, rejecting lower offers and threatening a 30% duty on all EU imports by August 1st. The EU is considering countermeasures, but remains divided, while US markets dipped slightly on the news and Europe grows more pessimistic about reaching a deal.

The London Stock Exchange is considering introducing 24-hour trading, driven by growing demand from retail investors who trade outside regular hours, especially inspired by the crypto market. While individual investors welcome the idea, institutional players warn it could raise costs and risks in trading.

The upcoming trading week will focus on the European Central Bank’s interest rate decision, where a pause is expected after recent cuts, with markets anticipating a possible rate cut in September. Meanwhile, the earnings season continues with major reports from Tesla, Alphabet, and other global firms, alongside a busy week for Dutch companies like ASMI, Randstad, and Heijmans.

The 6M Euribor is unchanged at 2% compared to previous business day. The 10Y Swap increased with 1 basis point to 3% 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.