Market Overview

European markets opened lower on Monday, with investors closely monitoring the impending United States tariffs set to take effect on April 2. Amidst this, Germany's retail sales showed a promising rise of 4.9% in February, signaling a mixed economic landscape.

Key Performances

The DAX saw a decrease of 0.97%, with Siemens leading the decline at 3.40%. The FTSE 100 wasn't far behind, dropping 0.29%, as Associated British Foods lost 3.44%. The Euro Stoxx 50 and CAC 40 also faced downturns, with BASF and Teleperformance being the worst performers, declining by 2.51% and 2.12%, respectively.

Currency Movements

On the currency front, the euro and pound sterling showed slight gains against the dollar, trading at 1.08406 and 1.29608, respectively, indicating a cautious optimism among traders.