European Markets Experience Sharp Decline

European stock markets opened lower on Monday, with significant indices such as the Euro Stoxx 50 and CAC 40 dropping over 2%. This downturn comes as global trade tensions escalate, with US President Donald Trump threatening to impose tariffs on the European Union, following similar actions against Canada, Mexico, and China.

Key Performers and Currency Movements

Among the notable decliners, Stellantis saw a sharp drop of 5.73% shortly after the market opened. The DAX and FTSE 100 also experienced losses, with the latter's Scottish Mortgage Investment Trust tumbling 4.19%. In the currency markets, the euro and pound both weakened against the dollar, reflecting investor nervousness.

Anticipation Builds for Euro Area Inflation Data

Investors are now turning their attention to the upcoming euro area inflation print, which is expected to provide further insights into the economic outlook amidst these challenging times.