Europe

Britain Trade Secretary Liz Truss said she will fight “unfair” U.S. tariffs on Scotch whisky, vowing to consign them to the bin of history.

Traders are watching economic data from the U.S. and China

The European Union said Thursday that the Trump administration’s decision to maintain 15% tariffs on Airbus aircraft and 25% tariffs on other European goods did not worsen the now 16-year long trade dispute with Boeing, as both sides seek to put on end to over a decade of political grandstanding.

German authorities are on the hunt Thursday for a business executive accused by federal police of committing “fraud in the billions.”  

The Labor Department is expected to say the number of claims for unemployment benefits declined for a second straight week to 1.12 million

The federal government on Wednesday said it would maintain 15% tariffs on Airbus aircraft and 25% tariffs on other European goods

Before the bell, traders will examine the latest consumer price report

The slump follows a 2.2% quarter-on-quarter contraction in the first three months of the year

Markets rose in Paris, London, Tokyo and Hong Kong even as the tally of confirmed new coronavirus cases grew.

The bank's net profit was $192 million in the April-June quarter, down from $4.37 billion reported in the same period a year earlier.

British Trade Minister Liz Truss will meet top U.S. officials in Washington in coming days to assess progress on reaching a free trade agreement between the two countries, a spokesman for the U.S. Trade Representative's Office said on Saturday.

European leaders have already moved to combat the contraction, having approved a plan valued at over 1 trillion euros.