European Markets End Wednesday in Deep Decline

Major European stock indexes experienced significant losses as the trading session concluded on Wednesday, with investor sentiment heavily impacted by growing concerns over the global economic outlook and escalating trade tensions.

Trade Wars Escalate

The imposition of new tariffs by the United States has sparked retaliatory measures from countries around the world, further exacerbating the situation. Links to detailed reports on these developments can be found here and here.

Index Performances

The DAX plummeted by 2.99%, with Fresenius leading the downturn at a 5.28% loss. Similarly, the Euro Stoxx 50 and CAC 40 fell by 3.09% and 3.34% respectively, with Sanofi experiencing the largest drop at 6.89%. The FTSE 100 wasn't spared, closing 2.92% lower, as Astrazeneca shares declined by 6.82%.

Across Europe

Other European markets also faced steep declines: the Swiss Market Index dropped 4.68%, Italy's FTSE MIB decreased by 2.82%, and Spain's IBEX 35 was down by 2.30%.

Currency Movements

At 5:33 pm CET, the euro was up 0.95% against the dollar, trading at 1.10632, while the pound saw a modest increase of 0.16%, reaching 1.27862 against the greenback.