European Markets React to German Industrial Output Decline

On Friday, major European stock markets experienced a downturn following the release of key economic data from Germany. The data revealed that the country's industrial output in December reached its lowest point since 2020, causing concern among investors.

Trade War Fears Loom Over European Economy

Investors are also closely monitoring the potential impacts of a looming trade war, sparked by United States President Donald Trump's tariffs on China, Mexico, and Canada. The European Central Bank (ECB) has warned that these tariffs could negatively affect the continent's economy.

Market Performance Highlights

The DAX index fell by 0.63%, with Porsche shares plummeting 7.12%. The Euro Stoxx 50 decreased by 0.62%, with Pernod Ricard shares dropping 4.69%. The CAC 40 index slid 0.43%, as Edenred shares slumped 4.56%. The FTSE 100 dropped 0.31%, with Barratt Redrow leading the losses, declining 4.02%.

Currency Movements

Meanwhile, 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.