European Stock Markets React to German Industrial Output Decline

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

Investors Monitor Potential Impact of US Tariffs on European Economy

Investors are also closely watching the potential effects of a trade war, sparked by tariffs imposed by United States President Donald Trump on China, Mexico, and Canada. The European Central Bank (ECB) has warned that these tariffs could have a negative impact on the European economy.

Market Performance Highlights

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

Currency Movements

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.