European Stock Markets React to Tariff Announcements

As the global community braces for the impact of new tariffs on steel and aluminum, European stock markets exhibited a mixed response during Tuesday's premarket trading. With US President Donald Trump's announcement of a 25% tariff on these imports, key trade partners like Germany and the Netherlands are on high alert for potential economic repercussions.

Corporate Earnings Updates

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

Market Performance at a Glance

By 8:00 am CET, the FTSE 100 had decreased by 0.12%, while the DAX remained unchanged. The Euro Stoxx 50 saw a modest gain of 0.11%, and the CAC 40 increased by 0.06%. The euro maintained its value against the dollar at 7:58 am CET, trading at $1.03053. Meanwhile, the pound experienced a slight decrease of 0.06% against the US dollar, trading at $1.23587.