Jul. 28 at 8:48 PM
European stock markets were lower on Monday, pulling back from a 4-month high, as investors weighed the implications of a framework trade agreement between the European Union & the United States. While the +15% tariff on most EU exports is lower than the threatened +30%, it's still a sharp jump from pre-2025 levels, when many goods faced tariffs under 3% & is likely to add to inflationary pressures in the months ahead. Tech shares rose +0.6% as
$ASML, the world's biggest supplier of computer chip-making equipment, gained +4.9% in the Netherlands, on expectations that the sector might be exempted from tariffs. The healthcare sector was also marginally higher.
$CAC40 -0.43%, German
$DAX -1.02%, Italian FTSE +0.01%, after reaching a 52 week high of 41,210.93, Spain’s Ibex -0.12%, after reaching a high of 14,404.80, London
$FTSE -0.43%, after reaching a high of 9,169.01 & European STOXX 600 -0.22% at 548.76, as the trade deal with the U.S. ended hopes for a zero-for-zero agreement.
