Market Overview

Following the extended Easter holiday, European stock markets predominantly opened lower on Tuesday. The downturn is attributed to ongoing concerns over United States President Donald Trump's trade policies. During Italian Prime Minister Giorgia Meloni's visit to the White House, Trump expressed optimism about reaching a trade agreement with the European Union before the expiration of the 90-day tariff delay.

Index Performances

The DAX saw a slight 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 fell by 0.14% and 0.27% respectively, impacted by Stellantis NV's 5.45% decrease. Conversely, the FTSE 100 edged up by 0.14%, buoyed by a 1.85% rise in Babcock International Group PLC shares.

Currency Movements

The euro weakened against the dollar, trading 0.14% lower at $1.14998 by 8:58 am CET. In contrast, the pound strengthened slightly, gaining 0.07% to reach $1.33887 against the dollar.