Economic Uncertainty Grips Europe

As the week began, European stock markets initially showed signs of recovery but quickly reversed course. Investors' attention swiftly shifted back to the United States, where President Donald Trump's tariff policies and threats towards the European Union reignited concerns. Amidst this backdrop, Peter Kazimir, a member of the European Central Bank (ECB) Governing Council, emphasized the need for vigilance against potential risks to inflation.

Market Performance

By midday, the DAX had plummeted by 1.00%, shedding 226 points, while the CAC 40 and Euro Stoxx also saw declines of 0.44% and 0.79%, respectively. The FTSE 100 wasn't spared, dropping by 0.39%. Currency markets reflected the uncertainty, with the euro and pound sterling flat against the dollar, trading at $1.08501 and $1.29234, respectively.