EU’s Dombrovskis Warns of Economic Uncertainty, Downside Risks

The significance here lies less in the warning itself than in its source: a sitting economy commissioner flagging downside risks without naming them, which leaves markets to infer the drivers from the trade and geopolitical tensions already cited. That ambiguity matters for EU-facing assets, where sentiment can shift on official tone alone. The open question is whether subsequent EU commentary narrows the risk set or stays deliberately vague.