Economic Indicators and Tariff Fears Weigh on European Stocks

European stock markets closed lower on Monday, influenced by the latest economic data from the Eurozone, including Italy's inflation figures and Germany's manufacturing numbers. The shadow of potential U.S. tariffs on the European Union, as indicated by President Donald Trump, added to the market's unease. Trump's recent actions, including tariffs on Mexico and Canada, have heightened concerns over global trade tensions.

Market Movements and Currency Fluctuations

The DAX index fell by 1.31%, with Volkswagen AG experiencing a significant drop of 4.45%. Similarly, the Euro Stoxx 50 and CAC 40 indexes saw declines of 1.28% and 1.20%, respectively, with Stellantis NV leading the losses. The FTSE 100 also decreased by 1.04%, impacted by Jd Sports Fashion's 4.67% fall. On the currency front, the euro slightly weakened against the dollar, while the pound sterling gained strength.