Transatlantic trade response
The EU moved to accelerate U.S. trade negotiations, Germany warned that American technology companies could face retaliation, and Japan reportedly prepared a $6.3 billion tariff-response fund.
May 26, 2025 · QQQ/SPY Market Review · 12 headlines
EU talks accelerate as tech retaliation and Japan's tariff fund shape holiday news
U.S. markets were closed for Memorial Day, so the chart carries Friday's close. The EU planned to accelerate trade talks with the United States, while Germany warned that American technology companies could face retaliation if the dispute escalated. Japan was reported to be preparing a $6.3 billion tariff-response fund. Iran rejected a temporary uranium-enrichment freeze, Nvidia system demand was reported to be accelerating production, and Japan's core CPI rose 2.4% from a year earlier.
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What shaped the session
Technology policy pressure
Strong demand for Nvidia's GB200 and GB300 systems was reported to be accelerating production. Jensen Huang criticized U.S. chip export controls, while Russia called for restrictions on Microsoft and Zoom.
Inflation and security signals
Japan's core CPI rose 2.4% from a year earlier and preliminary French CPI fell 0.1% from April. Iran rejected a temporary uranium-enrichment freeze, while North Korea condemned the U.S. Golden Dome project.
Key news
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