European Markets React to Key Economic Indicators

This Friday, the European stock markets closed on a negative note, influenced by the latest economic data from Germany. The report highlighted a significant drop in industrial output for December, marking the lowest point since 2020.

Investors Eye the Impact of US Trade Policies

Investors are closely monitoring the potential repercussions of US President Donald Trump's tariffs on China, Mexico, and Canada. The European Central Bank (ECB) has expressed concerns that these measures could adversely affect the European economy.

Market Performance Highlights

The DAX index saw a decrease of 0.63%, with Porsche experiencing a sharp decline of 7.12%. Similarly, the Euro Stoxx 50 fell by 0.62%, and Pernod Ricard dropped by 4.69%. The CAC 40 index also slid by 0.43%, with Edenred leading the downturn at a 4.56% loss. The FTSE 100 wasn't spared, dropping 0.31%, with Barratt Redrow leading the losses at 4.02%.

Currency Fluctuations

In currency markets, the euro weakened by 0.51% against the dollar, trading at $1.03361 by 5:28 pm CET. The pound sterling also decreased by 0.31% against the dollar, selling for $1.24000 shortly after.