AGP Executive Report
Last update: 11 hours agoMarket Supervision: EU finance ministers agreed to give ESMA direct oversight of selected cross-border market operators, a step toward deeper integration that still needs legislative approval. EU Budget: Ireland’s presidency proposed a €1.6tn budget for 2028–34, setting up difficult negotiations over funding for the bloc’s priorities. EU-China Trade: Brussels and Beijing reached preliminary agreements on trade and investment, including steps on electric-vehicle exports and supply chains, easing immediate tensions but leaving details to be worked through. Markets: European shares rose 1% on Friday as oil prices and bond yields eased, erasing the week’s losses; France’s fiscal outlook remains a concern for bond investors. Investor Savings: Ireland plans tax-advantaged personal investment accounts from next July, raising questions about whether new savings will flow to Irish and European businesses or mainly overseas markets.
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