Closing changes on the day:
- German DAX, +0.2%
- France’s CAC +0.3%
- UK’s FTSE 100 +0.6%
- Spain’s Ibex +0.8%
- Italy’s FTSE MIB +0.4%
On the week:
- German DAX, +1.1%
- France’s CAC +1.7%
- UK’s FTSE 100 +1.5%
- Spain’s Ibex +3.6%
- Italy’s FTSE MIB +3.1%.
The Liberation Day declines have been nearly erased everywhere and Italy, Spain and Germany finished with record closing highs. I think this masks the extent of the battle that will unfold between the EU and US on trade, as I don’t see any easy path to a compromise there.
This article was written by Adam Button at www.forexlive.com.
