European Markets Open Lower After Easter Break

Following the extended 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.

Trade Deal Expectations and Market Reactions

During Italian Prime Minister Giorgia Meloni's visit to the White House, Trump expressed his expectation to finalize a trade deal with the European Union before the 90-day tariff delay period comes to an end. This announcement has kept investors on edge, contributing to the day's market movements.

Index Performances Highlighted

The DAX saw a 0.21% drop by 9:00 am CET, with Siemens Energy AG leading the losses at a 3.81% fall. Similarly, the CAC 40 and Euro Stoxx 50 declined by 0.14% and 0.27% respectively, with Stellantis NV experiencing a significant 5.45% drop within these indexes. In contrast, the FTSE 100 managed a slight gain of 0.14%, buoyed by Babcock International Group PLC's 1.85% advance.

Currency Movements

The euro weakened by 0.14% against the dollar, trading at $1.14998 by 8:58 am CET. Meanwhile, the pound appreciated by 0.07% against the dollar, reaching $1.33887.