European Markets React to Germany's Industrial Slump

Following the release of pivotal economic data from Germany, major European stock markets concluded Friday's trading session on a downward trend. The data revealed that Germany's industrial output in December reached its lowest point since 2020, signaling potential economic challenges ahead.

Trade War Concerns Loom Over European Economy

Investors remain vigilant as the threat of a trade war, spurred by United States President Donald Trump's tariffs on China, Mexico, and Canada, looms large. The European Central Bank (ECB) has warned that these tariffs could have a detrimental impact on the European economy, adding another layer of uncertainty to the market's outlook.

Market Movements and Currency Fluctuations

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 saw a decline of 4.69%. The CAC 40 and FTSE 100 also faced downturns, with Edenred and Barratt Redrow leading the losses, respectively. In currency markets, the euro weakened against the dollar, exchanging at $1.03361, while the pound sterling also saw a decrease, trading at $1.24000.