Market Overview

On Friday, Europe's major stock markets closed in the red, reacting to alarming economic data from Germany. The country's industrial output in December plummeted to its lowest since 2020, casting shadows over the continent's economic stability.

Trade War Concerns

Investors are also bracing for the potential fallout from the escalating trade tensions initiated by US President Donald Trump. His recent tariffs on China, Mexico, and Canada have raised alarms at the European Central Bank, which fears negative repercussions for the European economy.

Stock Performance

The DAX index fell by 0.63%, with Porsche's shares taking a significant hit, dropping 7.12%. Similarly, the Euro Stoxx 50 decreased by 0.62%, and Pernod Ricard's stocks declined by 4.69%. France's CAC 40 wasn't spared, sliding 0.43%, as Edenred saw a 4.56% drop. The UK's FTSE 100 also felt the pressure, decreasing by 0.31%, with Barratt Redrow leading the downturn at a 4.02% loss.

Currency Movements

In currency markets, the euro weakened by 0.51% against the dollar, trading at $1.03361 by late afternoon CET. The British pound also fell, decreasing by 0.31% against the dollar, to $1.24000.