European Markets React to Economic Data and Trade War Concerns

Following the release of pivotal economic data from Germany, major European stock markets concluded Friday's trading session in the red. The data revealed a significant downturn in Germany's industrial output for December, marking the lowest point since 2020.

Investors on Edge Over Potential Trade War Impact

Investors remain vigilant as the specter of a trade war looms, fueled by United States President Donald Trump's tariffs on China, Mexico, and Canada. The European Central Bank (ECB) has expressed concerns that these tariffs could adversely affect the continent's economy.

Market Performance Across Europe

The DAX index fell by 0.63%, with Porsche experiencing a sharp decline of 7.12%. Similarly, the Euro Stoxx 50 decreased by 0.62%, and Pernod Ricard's shares dropped by 4.69%. The CAC 40 index saw a 0.43% decrease, with Edenred's shares falling by 4.56%. In the UK, the FTSE 100 dropped by 0.31%, led by a 4.02% decline in Barratt Redrow's shares.

Currency Movements

Amidst these developments, 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 shortly thereafter.