Economic Indicators and Tariff Fears Weigh on European Markets

European stock markets experienced a downturn at Monday's close, influenced by the latest economic indicators from the Eurozone, including inflation data from Italy and manufacturing figures from Germany. Investors are also closely monitoring the potential imposition of tariffs on the European Union by United States President Donald Trump, who has indicated that such measures are inevitable.

Market Performance Highlights

The DAX index fell by 1.31%, with Volkswagen AG leading the losses, dropping by 4.45%. Similarly, the Euro Stoxx 50 and the CAC 40 indices declined by 1.28% and 1.20%, respectively, with Stellantis NV seeing a decrease of 4.48% on both indexes. The FTSE 100 also saw a reduction, falling by 1.04%, after Jd Sports Fashion went down by 4.67%.

Currency Movements

In currency markets, the euro weakened slightly against the dollar, trading at $1.03160 at 5:28 pm CET. Conversely, the pound sterling gained 0.15% against the dollar, exchanging at $1.24303 at the same time.