European Markets React to German Industrial Data and Trade War Concerns

On Friday, major European stock markets closed lower, reacting to disappointing economic data from Germany and growing concerns over a potential trade war. Germany's industrial output in December reached its lowest point since 2020, sparking fears about the continent's economic stability.

Investors Eye Potential Impact of US Tariffs on Europe

Investors are closely monitoring the situation as US President Donald Trump's tariffs on China, Mexico, and Canada could have a negative impact on Europe's economy. The European Central Bank (ECB) has warned that these tariffs could hurt the European economy, adding to the market's unease.

Market Performance and Currency Movements

The DAX index fell by 0.63%, with Porsche experiencing a significant drop of 7.12%. Similarly, the Euro Stoxx 50 decreased by 0.62%, and Pernod Ricard's shares went down by 4.69%. The CAC 40 index slid 0.43%, with Edenred's shares slumping 4.56%. In the UK, the FTSE 100 dropped 0.31%, with Barratt Redrow leading the losses by declining 4.02%.

In currency markets, the euro weakened by 0.51% against the dollar, trading at $1.03361 at 5:28 pm CET. The pound sterling also decreased by 0.31% against the dollar, selling for $1.24000 a minute later.