European Markets React to Trump's Trade Policies

Following the Easter holiday, European stock markets opened mostly lower on Tuesday, with investor sentiment dampened by ongoing concerns over United States President Donald Trump's trade policies. The anticipation of a trade deal between the U.S. and the European Union before the 90-day tariff delay expires has left markets in a state of cautious uncertainty.

Index Performances Highlight Market Sentiment

The DAX saw a decline of 0.21% by 9:00 am CET, with Siemens Energy AG experiencing a significant drop of 3.81%. Similarly, the CAC 40 and the Euro Stoxx 50 decreased by 0.14% and 0.27% respectively, with Stellantis NV notably falling by 5.45%. In contrast, the FTSE 100 managed a slight gain of 0.14%, buoyed by Babcock International Group PLC's 1.85% rise.

Currency Movements Reflect Market Dynamics

At 8:58 am CET, the euro weakened by 0.14% against the dollar, trading at $1.14998. Meanwhile, the pound showed resilience, gaining 0.07% against the dollar to reach $1.33887, indicating a mixed response across financial instruments to the prevailing market conditions.