MEXICO: USDMXN Probing 2025 Low, Attention on Upcoming Ebrard Comments

• MNI: CANADIAN DEC BUILDING PERMITS +11.0% MOM
• CANADA RESIDENTIAL BUILDING PERMITS +21.2%; NON-RESIDENTIAL -5.9%

• A fresh record high in Cash SX5E, seems to be helping the futures (VGH5) through the overnight high, and a new record high here too.
• VGH5 is breaking the MNI Tech projection that was at 5381.13, and most Investors will now be watching for any potential test towards the Psychological 5400.00.
• Stoxx600 is now also edging to a new record, with a 546.68 high.

• US President Donald Trump adjusted tariffs on all steel and aluminium products entering the United States to a flat 25%. The new tariff rate will go into effect at midnight tonight.
• China may look to target US tech companies to leverage a position ahead of expected negotiations with the US over trade policy.
• Trump indicated he may provide Australia with a tariff exemption.
• Japanese Prime Minister Shigeru Ishiba is confident an FDI pivot from China to the US can help Tokyo avoid tariffs.
• European Commission President Ursula von der Leyen said the action would trigger "firm and proportionate" countermeasures.
• House Speaker Mike Johnson (R-LA) is expected to outline his budget resolution at a Republican Conference meeting this morning.
• Congressional Republicans are willing to turn Elon Musk's DOGE spending cuts into legislation.
• Analysts are divided over whether Democrats are likely to use a government shutdown as leverage to oppose Trump’s agenda.
• The Senate is expected to confirm Tulsi Gabbard as Director of National Intelligence as soon as today.
• Federal Reserve Chair Jerome Powell will appear before the Senate Banking Committee at 10:00 ET 15:00 GMT.
• President Trump will meet with King Abdullah of Jordan at the White House today amid hardline rhetoric from Trump over the future governance and reconstruction of the Gaza Strip.
• Poll of the Day: Republican voters believe GOP lawmakers should push back against Trump when they disagree. 

Full article: US DAILY BRIEF