Market Turmoil in Europe

European markets experienced a significant downturn on Monday, triggered by the announcement of new tariffs by US President Donald Trump. The tariffs, which include a 20% levy on the European Union and a 25% charge on all foreign cars, have sent shockwaves through the financial markets.

Investor Reactions and Market Impacts

The German DAX led the declines, plummeting by 8.04%, with Commerzbank shares dropping 12.20%. Across Europe, major indices like the Euro Stoxx 50, British FTSE 100, French CAC 40, Italy's FTSE MIB, Switzerland's SMI, and Spain's IBEX 35 all recorded significant losses, reflecting widespread investor concern.

Currency Movements Amidst the Chaos

Despite the market turmoil, the euro showed resilience, trading 0.35% higher against the dollar, while the pound sterling remained stable against the US currency.

Looking Ahead

EU trade ministers are expected to convene to formulate a joint response to the US tariffs, as tensions over trade policies continue to escalate.