Tuesday 27 May 2025
The Mighty Headlines
Economics: US pauses 50 per cent tariffs on EU
Business and markets: BYD shares fall by over 8 per cent as it cuts prices
Foreign Affairs: State of high alert in India over sunken ship
Security and intelligence: Germany lifts ban on long-range weapons to Ukraine
Politics: King Charles to open Canadian Parliament today
The Mighty Stats
FTSE = 8,717.97 (down 0.24%)
S&P 500 = 5,802.82 (down 0.67%)
Nasdaq = 18,737.21 (down 1%)
CAC40 = 7,828.13 (up 1.21%)
£1 = $1.35 / €1.19
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The Mighty Detail
Economics: President Trump has announced that he will delay imposing a 50 per cent tariff on EU imports until 9 July. Although the US had originally imposed tariffs on 20 per cent on the EU, these were reduced to 10 per cent for 90 days. President Trump then threatened to impose 50 per cent tariffs on the EU because of a lack of progress in trade negotiations.
Business and markets: Shares in BYD fell by over 8 per cent during trading yesterday. It comes after the Chinese electric car maker announced that it would cut prices on 22 models until the end of June. Investors are concerned about increasing competition in the sector and a potential price war.
Foreign Affairs: A state of high alert has been declared in India’s southern state of Kerala. It comes after a container ship sank around 43 miles of the coast. The ship was carrying hazardous chemicals as well as diesel and oil.
Security and intelligence: The German Chancellor, Friedrich Merz, has lifted the ban on Ukraine using long-range German weapons against Russia. Speaking yesterday, Merz said that “Nobody can now reproach us for not having exhausted all the diplomatic means available to us.”
Politics: King Charles will give a speech opening the Canadian Parliament today. Acting as King of Canada, King Charles will read a speech prepared by the Canadian Government. At a time when President Trump has spoken about Canada becoming the US’s 51st state, Canadian Prime Minister Mark Carney said that the King’s visit marked Canada’s “distinct identity”.
The Mighty Calendar
What’s happening today?
King Charles opens the Canadian Parliament
SpaceX Starship orbital test flight
UK Parliament in recess
France CPI inflation data
Eurozone consumer confidence data (May)
Lookahead to tomorrow
UN Security Council discusses Palestine
OPEC meeting of oil producing countries
UK Parliament in recess
France GDP data (Q1 2025)
US manufacturing and services growth data (May)
Company results from: Nvidia, HP, Kingfisher, Salesforce
The Mighty Finale
🌤️Weather today
Heavy rain in the afternoon across most of England. High of 17C and low of 14C in London. Light rain in Belfast and Edinburgh.
✏️Life coaching quote of the day
“Vision is not enough, it must be combined with venture. It is not enough to stare up the steps, we must step up the stairs.” – Vaclav Havel, writer and former Czech President
Mighty takeaway: Take real steps in the direction of your goals. Don’t just dream about it.
That’s it for this Tuesday morning. Thanks for reading!
Bye!
The Mighty Memo team