European Markets React to Global Tariff Announcements

As the global market braces for the impact of new tariffs on steel and aluminum, European stock markets showed mixed signals in Tuesday's premarket operations. The anticipation of US President Donald Trump's 25% tariffs, effective from March 12, has put key steel trade partners like Germany and the Netherlands on alert for potential economic repercussions.

Corporate Updates Amidst Economic Uncertainties

In the corporate sector, UniCredit reported a slight increase in fourth-quarter revenue, reaching €6 billion, a 0.7% rise. Conversely, Kering faced a significant challenge with a 12% revenue decline, amounting to €17.2 billion for the year 2024.

Market Movements and Currency Fluctuations

By 8:00 am CET, the financial landscape showed varied movements: the FTSE 100 experienced a 0.12% drop, the DAX remained unchanged, the Euro Stoxx 50 saw a 0.11% increase, and the CAC 40 edged up by 0.06%. Currency markets also reflected these uncertainties, with the euro holding steady against the dollar at $1.03053, while the pound slightly decreased by 0.06% to $1.23587 against the US currency.