European Markets Open Lower After Holiday

Following the long Easter weekend, major European stock indexes mostly opened lower on Tuesday. The downward trend was influenced by ongoing concerns over United States President Donald Trump's trade policies. The markets reacted cautiously as Trump expressed his expectation to reach a trade deal with the European Union before the 90-day tariff delay expires, during Italian Prime Minister Giorgia Meloni's visit to the White House.

Index Performance Highlights

The DAX saw a 0.21% drop at 9:00 am CET, with Siemens Energy AG leading the fall at 3.81%. Similarly, the CAC 40 and the Euro Stoxx 50 declined by 0.14% and 0.27% respectively, with Stellantis NV experiencing a significant drop of 5.45% across both indexes. In contrast, the FTSE 100 opened positively, adding 0.14%, buoyed by a 1.85% advance in Babcock International Group PLC.

Currency Movements

At 8:58 am CET, the euro was down 0.14% against the dollar, trading at $1.14998. Meanwhile, the pound showed resilience, gaining 0.07% against the dollar to reach $1.33887.