Thursday , 12 December 2024
Home Forex European equity close: A chop so far as political questions loom
Forex

European equity close: A chop so far as political questions loom

Not many markets are pricing in a big risk around Trump tariffs so far as it’s viewed as more of a threat than a real risk. Meanwhile, Germany looks like it will head to an election around the idea of rising deficits or retaining the fiscal brake. At the same time, the German economy continues to wilt.

The optimistic case for Europe is that the political change in the US, and the winds that are blowing elsewhere, force it to get its act together on the regulatory front. I’ll believe it when 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%

This article was written by Adam Button at www.forexlive.com.

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

ECB sources: Handful of policymakers were initially in favor of 50 bps cut

Some argued that ECB is overestimating growth next year, which could be...

Natural gas prices climb after surprisingly strong US inventory draw

Natural gas is back in the hot seat.Cold, stagnant weather in Germany...

AUDUSD has floor support and resistance at the 200 hour MA

The AUDUSD moved to the lowest level since August yesterday and in...

United States EIA Natural Gas Storage Change came in at -190B, below expectations (-175B) in December 6

United States EIA Natural Gas Storage Change came in at -190B, below...