Crude oil prices stabilized on Monday after former U.S. President Donald Trump extended the deadline for trade negotiations with the European Union. This decision temporarily reduced concerns over imminent tariffs that could have dampened demand for refined petroleum products and crude imports, particularly in transatlantic trade.

In an era marked by increasing geopolitical uncertainty and a dynamic global economy, the coming week promises a series of crucial events that may reshape the direction of financial markets. The spotlight this time falls on U.S. President Donald Trump’s anticipated trade measures, new employment data from the United States, the upcoming meeting of the Reserve Bank of Australia, and a pivotal inflation report from the Eurozone. Together, these developments could send ripples through major indices such as the S&P 500, FTSE and ASX, inviting market participants to rethink risk assessments and investment perspectives.

The introduction of trade tariffs by Donald Trump on goods imported from Canada and Mexico has heightened tensions between the countries. In response to the imposition of a 25% tariff on a range of Canadian goods, Canadian Prime Minister Justin Trudeau announced countermeasures that could significantly affect economic interactions between the US and Canada.