Carmakers around the world are planning to scale back production after an export freeze on a Chinese semiconductor company based in Netherlands threatened to disrupt the industry’s supply chains.

The euro-area economy expanded more than anticipated, displaying resilience to higher US tariffs with France recording its strongest growth in over two years.

Nissan Motor said on Thursday it expects to book a 275 billion yen (US$1.82 billion) operating loss in the current fiscal year due to the impact of US tariffs.

The European Central Bank kept interest rates unchanged at 2% for the third meeting in a row on Thursday and offered no hints about future moves as it enjoys a rare period of low inflation and steady growth, even in the face of trade turbulence.

Mortgage rates in the US fell for a fourth week, inching closer to 6% even as economic uncertainty is keeping buyers pinned to the sidelines.

Inflation in Tokyo rose at a faster pace, supporting the case for the Bank of Japan (BOJ) to keep raising interest rates gradually and giving the yen a boost.