India could import natural gas from the U.S. and bridge the trade deficit, a key point of friction for U.S. President Donald Trump

U.S. companies are expected to pay roughly $400 billion in trade duties related to President Trump’s trade war, between existing tariffs, threatened tariffs, and a new reciprocal tariffs threat President Trump included in a new memorandum on Thursday

The US Treasury Secretary Scott Bessent has been told to stop minting one-cent coins, or pennies as they are widely called, by US President Donald Trump in an announcement on his Truth Social media account.

The Trump administration confirmed on Saturday the president is imposing 25% tariffs on imports from Mexico and Canada, as well as a 10% duty on China.

Saudi state media reported Thursday that the kingdom plans to invest $600 billion in the U.S. over the course of President Donald Trump’s new term.

The pan-European Stoxx 600 was up 0.45%, the FTSE 100 added 0.23%, while Germany’s DAX rose 0.77%, France’s CAC 40 climbed 0.7% and Italy’s MIB ended the day 0.72% higher.

Sportswear giant Adidas helped boost the German index, with shares ending 6% higher after the company said sales grew by 19% in its fourth-quarter results after the market close on Tuesday.

The big story

The stock market in India hasn’t had the best start to this year. Fears of lofty valuation multiples alongside trimmed earnings expectations have led to a steady decline for the Nifty 50

Global commodity prices are largely expected to fall in 2025, but certain items such as gold and gas are likely to see higher prices, according to industry experts.

European stocks closed higher on Friday, as regional markets reopened following a closure for the Christmas holiday.