Market-Moving News:
🇺🇸️ Trump Considers 25% Tariff on Imported Cars: President Donald Trump has announced plans to impose a 25% tariff on imported automobiles, aiming to protect domestic manufacturers. This move could impact global trade relations and the automotive industry.
🇷🇺🇺🇸 U.S.-Russia Diplomatic Talks: High-level discussions between U.S. and Russian officials are set to continue, focusing on resolving the ongoing Ukraine conflict. Outcomes from these talks may influence global markets and geopolitical stability.
Key Data Releases:
Friday, Feb 21:
Manufacturing PMI (9:45 AM ET): Forecast: 51.3; Previous: 51.2.
Services PMI (9:45 AM ET): Forecast: 53.0; Previous: 52.9.
Existing Home Sales (10:00 AM ET): Forecast: 4.13M; Previous: 4.24M.
Michigan Consumer Sentiment (10:00 AM ET): Forecast: 71.1; Previous: 67.8.
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