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.