European Markets Open Higher Despite US Tariff Concerns

European stocks opened higher on Monday, demonstrating resilience in the face of concerns over new US tariffs on aluminum and steel. This positive start comes as investors await key economic reports, including German inflation and UK GDP figures on Thursday, followed by European quarterly growth data on Friday. Corporate earnings are also under close watch by the market participants.

At 9:01 am CET, the DAX saw a 0.31% increase, with Fresenius Medical Care leading the gains at 0.81%. The CAC 40 added 0.17%, with Stellantis NV climbing 1.28%. Shortly after, the FTSE 100 rose by 0.13%, propelled by a 1.14% increase in Vistry Group. By 9:03 am CET, the pan-European Euro Stoxx 50 had edged up 0.25%, with Prosus leading the charge at a 1.61% gain.

In currency markets, the euro was down 0.14% against the dollar at 8:59 am CET, trading at $1.03135, while the pound remained stable at $1.24055.