European Markets Respond Positively to Trump's Tariff Announcement

In an unexpected move, United States President Donald Trump has announced the imposition of 25% tariffs on all aluminum and steel imports, sparking a premarket rally across major European stock indexes. This significant policy shift is anticipated to have far-reaching implications on global trade dynamics.

Market Indices Show Significant Gains

At 8:00 am CET, the DAX, FTSE 100, CAC 40, and Euro Stoxx 50 all showed notable increases, with the DAX climbing by 1.69%, the FTSE 100 by 2.04%, the CAC 40 by 0.90%, and the Euro Stoxx 50 surging by 2.55%. This bullish trend reflects investor optimism in the face of new trade barriers.

Currency Markets Hold Steady

Meanwhile, the currency markets remained stable, with the euro and the pound trading flat against the dollar at 7:58 am CET, selling for $1.03187 and $1.24087, respectively. Investors are closely watching for the Eurozone's latest report on investor confidence, expected to be released after the opening bell, for further market direction.