European Markets React to PMI Data and US Tariff News

European stock markets faced a downturn on Monday, influenced by the latest composite PMI data from Germany, the Eurozone, and Britain. The markets also responded to reports of US President Donald Trump's industry-specific tariff adjustments, adding to the day's volatility.

Key Market Movements

The DAX saw a slight decline of 0.17%, while the Euro Stoxx 50 decreased by 0.15%. Notably, Bayer AG NA experienced a significant drop of 6.94%. Across the channel, the FTSE 100 was down by 0.10%, with Vodafone Group leading the losses at 4.43%. The CAC 40 wasn't spared either, dropping by 0.26%, with Carrefour down by 2.83%.

Currency Fluctuations

At 5:35 pm CET, the euro weakened against the dollar, losing 0.24% to trade at $1.07959. Meanwhile, the British pound remained stable, trading at $1.29094 shortly after.