EUAD is trading 3.2% down today as investors rotate out of cyclical and risk-sensitive sectors following a lack of breakthroughs at the Trump–Xi summit.
- The summit failed to provide progress on trade or inflation relief, while geopolitical tensions regarding Taiwan and Middle East shipping lanes remain elevated.
- Rising energy prices and bond yields are placing additional pressure on industrial and defense stocks, causing the ETF to underperform the broader market pullback.