European Stocks React Positively to Trump's Tariff Decision

In an unexpected turn of events, European stock markets showed significant gains during premarket trading on Monday. This comes after U.S. President Donald Trump declared the imposition of a 25% tariff on all steel and aluminum imports globally. Investors are keenly awaiting the Eurozone's latest investor confidence report, set to be released post-market opening.

Market Performance Overview

The DAX index witnessed a notable increase of 1.69%, while the FTSE 100 saw a rise of 2.04% at 8:00 am CET. Similarly, the CAC 40 and the Euro Stoxx 50 experienced gains of 0.90% and a significant surge of 2.55%, respectively.

Currency Movements

At 7:58 am CET, the euro and the pound remained stable against the dollar, trading at $1.03187 and $1.24087, respectively.