German Chancellor Friedrich Merz said Ukraine has been given permission to use weapons supplied by its allies to launch strikes deep inside Russia. “There are absolutely no range limits anymore for weapons delivered to Ukraine, not from Britain, the French or from us — also not from the Americans,” Merz said at a conference in Berlin on Monday. “That means Ukraine can defend itself by attacking military positions also in Russia.” The US has previously approved the deployment of Army Tactical Missile Systems, known as ATACMS, in border regions with Russia. The UK meanwhile approved Ukraine’s use of Storm Shadow cruise missiles on deeper targets. Germany had long refused to deliver the long-range Taurus cruise missile, though Merz has expressed approval of its use. In the markets, bonds rallied worldwide after Japan indicated it’s looking to stabilize its debt market after weeks of rising yields. The dollar bounced back. In corporate news, Tesla’s European sales roughly halved in April to just 7,261 units, with its market share continuing to erode despite a refreshed lineup. The decline suggests Chief Executive Officer Elon Musk’s controversial politics and association with US President Donald Trump are hurting the brand’s popularity. China’s BYD sold more EVs than Tesla in Europe for the first time last month, according to market researcher Jato Dynamics.
Today’s guest: Karen Ward, JPMorgan Asset Management EMEA Chief Market Strategist, Greg Jackson, Octopus Energy CEO, Adam Posen, Peterson Institute for International Economics President
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"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops.
Chapters:
00:00:00 – The Pulse With Francine Lacqua
00:01:19 – EU to Focus on Critical Sectors in Bid to Avoid Trump’s Tariffs
00:06:22 – EU Plans to ‘Fast Track’ Trade Talks With US Amid Tariff Fight
00:08:13 – Karen Ward, JPMorgan Asset Management EMEA Chief Market Strategist
00:10:53 – Merz Gives Ukraine Green Light to Strike Deep Inside Russia
00:13:56 – Ueda Indicates BOJ Is Still Eyeing More Rate Hikes, Boosting Yen
00:16:11 – Japanese Bonds Surge on Bets That Government May Tweak Issuance
00:19:03 – Tariffs Diminish Dollar Appeal
00:22:10 – NatWest Gets Ready for Life After UK Government Ownership
00:25:49 – Rutte: NATO Moving Toward 5% Target
00:29:56 – Greg Jackson, Octopus Energy CEO
00:38:57 – Hong Kong Bourse Plans to Start Zero-Day Options in 2026
00:42:52 – Adam Posen, Peterson Institute for International Economics President
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