Market Reaction to Trump's Tariff Announcement

European stock indexes experienced a downturn in premarket trading on Thursday. This market movement followed the confirmation by United States President Donald Trump that his administration plans to impose tariffs on cars and various products from the European Union. The DAX, FTSE 100, CAC 40, and Euro Stoxx 50 all saw declines, reflecting investor concerns over the potential impact of these tariffs.

Economic Indicators to Watch

Amidst the market's reaction to the tariff news, several key economic reports are expected to be released later in the day. These include updates on Spanish consumer inflation, French producer inflation, and Swiss gross domestic product (GDP). Investors and analysts alike are keenly awaiting these figures, as they may provide further insights into the economic health of the region and potential market directions.

Currency Movements

In currency markets, the euro and the British pound both experienced slight declines against the US dollar. At 7:58 am CET, the euro was trading at $1.04724, a 0.13% decrease, while the British pound fell by 0.10% to $1.26627. These movements underscore the broader market uncertainty and the potential for volatility in the days ahead.