Global Tariffs Impact European Markets

European stock markets showed mixed reactions during Tuesday's premarket trading as investors closely analyzed the effects of newly imposed global tariffs on steel and aluminum. With US President Donald Trump's decision to enforce a 25% tariff on these imports starting March 12, major steel trade partners like Germany and the Netherlands are on high alert for potential economic repercussions.

Corporate Earnings Update

In the corporate sector, UniCredit announced a slight increase in its fourth-quarter revenue, reaching €6 billion, marking a 0.7% rise. Conversely, Kering experienced a significant 12% decline in revenue, totaling €17.2 billion for the year 2024.

Market Performance at a Glance

As of 8:00 am CET, the FTSE 100 saw a minor decrease of 0.12%, while the DAX remained unchanged. The Euro Stoxx 50 and CAC 40 showed modest gains of 0.11% and 0.06%, respectively. Currency markets saw the euro holding steady against the dollar at $1.03053, whereas the pound slightly decreased by 0.06% against the US dollar, trading at $1.23587.