Not many markets are pricing in a giant threat round Trump tariffs as far as it is considered as extra of a menace than an actual threat. In the meantime, Germany appears to be like like it should head to an election across the thought of rising deficits or retaining the fiscal brake. On the identical time, the German economic system continues to wilt.
The optimistic case for Europe is that the political change within the US, and the winds which can be blowing elsewhere, drive it to get its act collectively on the regulatory entrance. I am going to imagine it after I see it.
On the day:
- Stoxx 600 -0.7%
- German DAX -0.8%
- France CAC -1.2
- UK FTSE 100 -0.8%
- Spain IBEX -0.2%
- Italy’s FTSE MIB -0.5%
On the week:
- Stoxx 600 -0.8%
- German DAX -0.3%
- France CAC -1.0%
- UK FTSE 100 -1.4%
- Spain IBEX -2.6%
- Italy’s FTSE MIB -2.5%