The White House hit Europe with steel and aluminum tariffs today and the EU responded with a batch of worth 26 billion euros. Trump has talked about further retaliation today and is touting European cars as a possible target on April 2.
Despite all that, European equity markets were in a good mood aside from Spain.
- Stoxx 600 +0.8%
- German DAX +1.5%
- France CAC +0.6%
- UK FTSE 100 +0.4%
- Spain IBEX -0.7%
- Italy’s FTSE MIB +1.6%
A late rally followed the bounce in the US but it’s the first day of gains following three days of declines in the DAX.
DAX daily