European equity close: Solid finish to a fifth-straight week of gains

Closing changes on the day:

• German DAX, +0.2%
• France’s CAC +0.3%
• UK’s FTSE 100 +0.6%
• Spain’s Ibex +0.8%
• Italy’s FTSE MIB +0.4%

On the week:

• German DAX, +1.1%
• France’s CAC +1.7%
• UK’s FTSE 100 +1.5%
• Spain’s Ibex +3.6%
• Italy’s FTSE MIB +3.1%.

The Liberation Day declines have been nearly erased everywhere and Italy, Spain and Germany finished with record closing highs. I think this masks the extent of the battle that will unfold between the EU and US on trade, as I don’t see any easy path to a compromise there.

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