European Markets React to German Industrial Output Decline

On Friday, European stock markets experienced a downturn following the release of concerning economic data from Germany. The data revealed that December's industrial output reached its lowest point since 2020, signaling potential challenges ahead for Europe's largest economy.

Trade War Concerns Loom Over European Economy

Investors are also closely monitoring the escalating trade tensions initiated by United States President Donald Trump's tariffs on China, Mexico, and Canada. The European Central Bank (ECB) has warned that these tariffs could have a detrimental impact on the European economy, further unsettling the markets.

Market Performance Highlights

The DAX index fell by 0.63%, with Porsche experiencing a significant drop of 7.12%. Similarly, the Euro Stoxx 50 decreased by 0.62%, and Pernod Ricard saw a decline of 4.69%. The CAC 40 index slid 0.43%, with Edenred shares falling by 4.56%. The FTSE 100 also dropped by 0.31%, with Barratt Redrow leading the losses at 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 shortly after.