Outlook for the eurozone economy remains clouded by trade tensions between the EU and the US and elevated global uncertainty ...

In the market, European automobile sector declined by 1.5% following Trump’s new tariff threats, with no indication of special treatment for autos, which remain subject to a 27.5% duty.

The euro was up against the dollar and could rise to $1.40 in the long-term, given the divergence between the U.S. balance of payments deficit and the eurozone surplus, BCA Research said.