The major European indices closed the day with mixed results. The German DAX and France's CAC fell while the other major indices are closing near unchanged/marginally higher.
German DAX, -1.09%France's CAC, -0.69%UK's FTSE 100 +0.12%Spain's Ibex +0.07%Italy's FTSE MIB unchangedConcerns about tariffs caused some indigestion in Germany. The EU is preparing countermeasures against the US if an agreement is not met on August 1.
Pres. Trump has set a 30% tariff on the EU without a deal. Over the weekend, Commerce Sec.Lutnick said that tariffs would likely be subject to a minimum of 10%, but larger trading partners would have tariffs higher. My guess is 20% is where they land.
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