iShares MSCI Spain ETF

EWP

Market cap $1.75B

President Donald Trump said he directed Treasury Secretary Scott Bessent to “cut off all trade with Spain” after the country denied access to its military bases for his bombing campaign against Iran. Trump spoke Tuesday during a meeting with German Chancellor Friedrich Merz at the White House.

President Donald Trump threatened to cut trade with Spain on Tuesday, claiming the country is not giving U.S. troops access to its military bases as the U.S. and Israel trade blows with Iran in the Middle East.

The European Central Bank should "sit tight" and keep interest rates ‌steady for now as the impact of the war in Iran remains uncertain, ECB policymaker Martins Kazaks told Reuters on Tuesday.

European financial markets are under strain as the air war in the Middle East revives concerns about an energy supply shock exacerbating inflation.

Yields on eurozone government bonds edged lower, tracking moves in Treasurys amid uncertainty over tariff policies.

European stocks are set to open higher on Friday as traders awaited more earnings reports, and monitored tensions between the U.S. and Iran.

European stocks are expected to open in mixed territory on Thursday as investors await further earnings reports.

European stocks are expected to open lower on Tuesday as investors keep an eye on earnings.

AI fears hit stocks on Wall Street on Thursday, with real estate, trucking and software shares among the hardest hit.

The European Commission will present in March a plan to deepen the European Union's single market of 450 million consumers and make it easier for companies to operate across the EU, the Commission's head Ursula von der Leyen said.