Market Overview

European markets opened lower on Monday, with investors closely monitoring the impending U.S. tariffs effective April 2 and digesting a mix of economic data from across the continent.

Economic Data Highlights

Germany reported a 4.9% rise in retail sales for February, signaling consumer resilience. Meanwhile, the UK and Italy are set to release mortgage approvals and consumer price index figures, respectively, with the Bank of England's Quarterly Bulletin also on today's agenda.

Stock Performance

The DAX fell by 0.97%, led by Siemens' 3.40% drop. The FTSE 100 declined 0.29%, with Associated British Foods down 3.44%. The Euro Stoxx 50 saw a 0.80% decrease, with BASF as the worst performer, losing 2.51%. The CAC 40 dropped 1%, impacted by Teleperformance's 2.12% fall.

Currency Movements

The euro appreciated by 0.10% against the dollar, trading at 1.08406, while the pound sterling gained 0.17%, reaching 1.29608.