The major European indices are ending the week with mixed results:
German DAX, -0.35%France’s CAC, +0.01%UK’s FTSE 100 +0.22%Spain’s Ibex -0.04%Italy’s FTSE MIB +0.46%.
For the trading week,:
German DAX +0.14%France’s CAC -0.08%UK’s FTSE 100 +0.57%Spain’s Ibex, -0.14%Italy’s FTSE MIB, +0.58%
Next week will have the clock ticking to the August 1 deadline for tariffs. Tariff levels are set to rise to 30%. Even if they have some agreement, I would think that 10% would probably be the absolute best, and that would come with no tariffs from the EU. The tariff level might still be higher than that.
Trump is loving collecting tariff money, and seems to be putting eggs in the basket that other inflation will come down
This article was written by Greg Michalowski at investinglive.com.