European Markets React to Trump's Tariff Announcement

Following the announcement by United States President Donald Trump regarding the imposition of 25% tariffs on all aluminum and steel imports, major European stock indexes experienced significant gains in premarket trading on Monday. This development has stirred the global markets, with investors keenly awaiting the Eurozone's latest report on investor confidence, expected to be released after the opening bell.

Indexes Show Positive Movement

At 8:00 am CET, the DAX index was up by 1.69%, while the FTSE 100 saw an increase of 2.04%. Similarly, the CAC 40 added 0.90% to its value, and the Euro Stoxx 50 surged impressively by 2.55%. This positive movement across the board underscores the immediate impact of Trump's tariff announcement on European markets.

Currency Market Remains Steady

Despite the significant developments, the currency market remained relatively stable. At 7:58 am CET, the euro and the pound were trading flat against the dollar, with values of $1.03187 and $1.24087, respectively. This stability in the currency market suggests a cautious approach by investors, as they await further clarity on the implications of the new tariffs.