World shares are mixed after China-US talks end without a trade deal [Yahoo! Finance Canada]
Toyota Motor Corporation (TM)
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Source: Yahoo! Finance Canada
The latest data showed Europe's economy barely grew in the April-June quarter as frantic earlier efforts to ship goods ahead of new U.S. tariffs went into reverse and Germany's economy contracted. The outlook for coming months is mediocre given the 15% tariff imposed on European goods in the U.S. under a EU-U.S. trade deal announced Sunday. The higher tariff will burden European exports with higher costs to either be passed on to U.S. consumers or swallowed in the form of lower profits. Germany's DAX rose 0.2% to 24,274.40, while the CAC 40 in Paris gained 0.6% to 7,907.33. Britain's FTSE 100 shed 0.3% to 9,114.09. The future for the S&P 500 gained nearly 0.1% while that for the Dow Jones Industrial Average was barely changed. Beijing's top trade official said China and the United States agreed during two days of talks in Stockholm, Sweden, to work on extending an Aug. 12 deadline for imposing higher tariffs on each other. The U.S. side said an extension was discussed, but no
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