Macron cautions China about potential EU tariffs amid rising trade deficit
Macron's Warning to China: During his state visit to Beijing, Emmanuel Macron warned that the EU may impose tariffs on Chinese goods if trade imbalances do not improve, emphasizing the need for cooperation on global trade and geopolitical issues.
Economic Risks for Europe: The EU's trade deficit with China has surged nearly 60% since 2019, posing significant risks to European industries, particularly in countries like Germany and France, which could face reduced profits and innovation capacity.
Conciliatory Approach Proposed: Macron suggested a more conciliatory strategy towards China, advocating for the removal of export restrictions and encouraging Chinese investments in Europe to foster modernization and sustainable development.
Potential Benefits of Partnerships: Macron framed partnerships with Chinese firms as mutually beneficial, offering Europe access to capital and technology while providing Chinese investors opportunities in established European markets.
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Technical Analysis for U
Technical Sentiment Analysis for Union (U) As of , Union (U) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 8 technical signals, shows that 5 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for U stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, U is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Union (U) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.97 | 0.977 | 0.989 | 0.996 | 1.007 | 1.014 | 1.026 |
| Fibonacci | 0.977 | 0.984 | 0.989 | 0.996 | 1.003 | 1.007 | 1.014 |
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