European Markets React to US Tariffs

As the clock struck midnight, the United States' new tariffs on Canada, China, and Mexico officially took effect, sending ripples through the global economy. European stock markets felt the immediate impact, with major indices trading lower in the premarket session. Investors are now closely watching how these developments will shape the economic landscape.

Market Movements and Currency Stability

By 8:00 am CET, the DAX had slipped by 0.33%, while the Euro Stoxx 50 saw a more significant drop of 1.03%. The CAC 40 wasn't spared, losing 0.55%, though the FTSE 100 remained flat, showing resilience amidst the uncertainty. Currency markets showed a muted response, with the euro and pound holding steady against the dollar at 1.04857 and 1.26977, respectively, by 7:58 am CET.

Looking Ahead: Unemployment Data on the Horizon

As markets digest the new tariffs, attention is also turning to upcoming unemployment figures from the Eurozone, Italy, and Spain. These indicators will provide further insight into the health of the European economy and how it might navigate the challenges posed by the new US trade policies.