European Markets React to Trump's Trade Policies

After the long Easter weekend, major European stock indexes mostly opened lower on Tuesday. The shadow of United States President Donald Trump's trade policies continues to loom over the markets, influencing investor sentiment.

Key Movements in European Indexes

The DAX experienced a slight drop of 0.21% by 9:00 am CET, with Siemens Energy AG seeing a significant fall of 3.81%. Similarly, the CAC 40 and Euro Stoxx 50 declined by 0.14% and 0.27% respectively, with Stellantis NV dropping sharply by 5.45% within both indexes. In contrast, the FTSE 100 managed a modest gain of 0.14% at the opening, buoyed by a 1.85% advance in Babcock International Group PLC.

Currency Fluctuations Amid Trade Talks

Currency markets also felt the impact, with the euro trading 0.14% lower against the dollar, settling at $1.14998 by 8:58 am CET. Meanwhile, the pound saw a slight increase of 0.07% against the dollar, reaching $1.33887.

Trade Deal Expectations

During Italian Prime Minister Giorgia Meloni's visit to the White House, President Trump expressed his expectation to finalize a trade deal with the European Union before the 90-day tariff delay expires, adding another layer of anticipation to the markets.