German economy expected to contract by 0.3% this year, DIHK says

In a surprising move, former President Donald Trump announced that he is halting trade negotiations with Canada, a decision that could have significant implications for both economies. This development matters because it may disrupt existing trade agreements and impact industries reliant on cross-border commerce, raising concerns among businesses and consumers alike.

A recent bill for West Bank annexation, passed by right-wing rivals of Israeli Prime Minister Benjamin Netanyahu, has sparked significant backlash from the United States. President Trump has made it clear that he opposes the annexation, stating it won't take place. This development is crucial as it highlights the ongoing tensions between Israeli politics and U.S. foreign policy, potentially impacting future diplomatic relations.

Barclays has raised its stock price target for SAP to €348, highlighting the company's strong growth in the cloud sector. This adjustment reflects confidence in SAP's ability to capitalize on the increasing demand for cloud services, which is crucial for its future profitability. Investors may see this as a positive sign, indicating that SAP is well-positioned to thrive in a competitive market.

Barclays has reinstated its coverage of DoorDash with an Equalweight rating, following the recent deal with Deliveroo. This move is significant as it reflects Barclays' confidence in DoorDash's market position and potential for growth. Investors may find this news encouraging, as it suggests that DoorDash is well-positioned to navigate the competitive landscape of food delivery services.

A major lithium company has expressed optimism over a new minerals pact between the U.S. and Australia, highlighting its potential to stabilize prices in the volatile market. This agreement is significant as it aims to enhance cooperation in the critical minerals sector, which is essential for the growing electric vehicle industry. The partnership could lead to increased supply chain security and reduced dependency on other countries, making it a pivotal moment for both nations and the global push towards sustainable energy.

A major lithium company has expressed optimism about a new minerals pact between the U.S. and Australia, highlighting its potential to stabilize prices in the volatile market. This agreement is significant as it aims to strengthen supply chains and ensure a steady flow of essential materials for electric vehicle batteries, which are crucial for the transition to renewable energy. The collaboration between these two countries could lead to increased investment and innovation in the lithium sector, benefiting both economies and supporting global sustainability efforts.