European Markets React to German Industrial Data and Trade War Concerns

On Friday, major European stock markets closed in the red, reacting to disappointing economic data from Germany and growing concerns over a potential trade war. The DAX, Euro Stoxx 50, CAC 40, and FTSE 100 all experienced losses, with significant drops in shares of Porsche, Pernod Ricard, Edenred, and Barratt Redrow.

German industrial output in December reached its lowest point since 2020, signaling potential challenges ahead for Europe's largest economy. Meanwhile, the European Central Bank (ECB) has expressed concerns that the United States President Donald Trump's tariffs on China, Mexico, and Canada could have a negative impact on the European economy.

Currency markets also felt the pressure, with the euro weakening by 0.51% against the dollar, trading at $1.03361, and the pound sterling decreasing by 0.31%, selling for $1.24000.