Economic Reports and Tariffs in Focus

As European markets opened on Monday, investors were keenly awaiting a series of economic reports. Key among these were manufacturing data from Germany, the United Kingdom, and the Eurozone, alongside inflation figures for the bloc. Adding to the market's anticipation were the newly introduced tariffs by United States President Donald Trump on goods imported from Canada, Mexico, and China.

Market Performance Overview

At 8:00 am CET, the DAX index saw an increase of 0.49%, while the FTSE 100 rose by 0.26%. Contrastingly, the CAC 40 experienced a decline of 0.66%, and the Euro Stoxx 50 decreased by 1.08%.

Currency Movements

In currency markets, the euro fell by 1.26% against the dollar at 7:59 am CET, trading at $1.02428. Similarly, the pound sterling depreciated by 0.92% against the US dollar, exchanging hands at $1.22869.