European Markets React to German Industrial Output Data

On Friday, major European stock markets closed in the red, reacting to disappointing economic data from Germany. The country's industrial output in December was reported to be at its lowest since 2020, causing concern among investors.

Trade War Tensions Add to Economic Concerns

Investors are also closely monitoring the potential impact of a looming trade war, fueled 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 European economy.

Market Performance Highlights

The DAX index fell by 0.63%, with Porsche shares plummeting 7.12%. The Euro Stoxx 50 dropped 0.62%, and Pernod Ricard saw a significant decline of 4.69%. The CAC 40 index slid 0.43%, with Edenred shares slumping 4.56%. Meanwhile, the FTSE 100 decreased 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 by 5:28 pm CET. The pound sterling also decreased by 0.31% against the dollar, selling for $1.24000 a minute later.