European Markets React to Economic Data and Tariff Announcements

As the trading week commenced, European stock markets presented a mixed picture during Monday's premarket session. Investors were keenly awaiting a slew of economic reports, including manufacturing data from Germany, the United Kingdom, and the broader Eurozone, alongside inflation figures for the bloc. Adding to the market's focus were the new tariffs imposed by U.S. President Donald Trump on imports from Canada, Mexico, and China, stirring concerns over global trade tensions.

Market Movements: The DAX index saw an increase of 0.49% by 8:00 am CET, while the FTSE 100 edged up by 0.26%. Contrarily, the CAC 40 and the Euro Stoxx 50 experienced declines, dropping by 0.66% and 1.08%, respectively.

Currency Fluctuations: The euro took a significant hit, decreasing by 1.26% against the dollar to $1.02428 at 7:59 am CET. Similarly, the pound sterling weakened, losing 0.92% of its value against the US dollar, trading at $1.22869.