European Markets End Week on a Low Note

This Friday, major European stock markets closed with significant losses. The downturn followed the release of critical economic data from Germany, revealing that the country's industrial output in December reached its lowest point since 2020.

Trade War Concerns Loom Large

Investors are increasingly wary of the potential impacts of a trade war, spurred by United States President Donald Trump's tariffs on China, Mexico, and Canada. The European Central Bank (ECB) has warned that these tariffs could severely harm the continent's economy.

Market Performance Highlights

The DAX index fell by 0.63%, with Porsche experiencing a dramatic 7.12% drop. Similarly, the Euro Stoxx 50 decreased by 0.62%, and Pernod Ricard saw a 4.69% decline. The CAC 40 wasn't spared, sliding 0.43% as Edenred slumped by 4.56%. Across the channel, the FTSE 100 dropped 0.31%, with Barratt Redrow leading the losses by declining 4.02%.

Currency Movements

In the 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.