Industrial Output Hits Rock Bottom

Recent economic data from Germany has shown a significant downturn, with industrial output in December reaching its lowest point since 2020. This alarming trend has contributed to a wave of losses across major European stock markets as the trading session concluded on Friday.

Trade War Fears Escalate

Investors are increasingly wary of the potential impacts of a looming trade war, fueled by United States President Donald Trump's tariffs on China, Mexico, and Canada. The European Central Bank (ECB) has voiced concerns that these tariffs could severely harm the European economy.

Market Performance Overview

The DAX index fell by 0.63%, with Porsche experiencing a sharp decline of 7.12%. Similarly, the Euro Stoxx 50 dropped by 0.62%, and Pernod Ricard saw a decrease of 4.69%. The CAC 40 index wasn't spared, sliding down by 0.43%, as Edenred's shares fell by 4.56%. Across the channel, the FTSE 100 index decreased by 0.31%, with Barratt Redrow leading the downturn at 4.02%.

Currency Movements

In the currency markets, the euro weakened by 0.51% against the dollar, trading at $1.03361 by 5:28 pm CET. The pound sterling also saw a decrease, dropping by 0.31% against the dollar to $1.24000 shortly after.