LONDON (Reuters): Global shares tumbled on Friday (Aug 1) after the United States slapped dozens of trading partners with steep tariffs, while investors anxiously awaited US jobs data that could make or break the case for a Federal Reserve rate cut next month.
The pan-European STOXX 600 fell 1.3%, taking its weekly fall to almost 2%, which would be its biggest weekly drop since US President Donald Trump announced so-called reciprocal tariffs on April 2.
