European markets in red; Italian banks fall after windfall tax approved (EROTF)

World Map on digital display

World Map on digital display

da-kuk/E+ via Getty Images

London -0.27%

Germany -0.37% Germany’s inflation rate drops to 6.2% in July

France0.31% France June trade balance -€6.71B vs -€8B expected.

Shares of Italian banks took a hit on Tuesday after Italy’s cabinet approved a 40% windfall tax on lenders’ profits for the remainder of 2023.

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