Market Overview

Following the Easter holiday, European stock markets predominantly opened lower on Tuesday. The shadow of United States President Donald Trump's trade policies loomed large, influencing market sentiments. Notably, during Italian Prime Minister Giorgia Meloni's White House visit, Trump expressed optimism about reaching a trade agreement with the European Union before the 90-day tariff delay concludes.

Index Performance

At 9:00 am CET, the DAX witnessed a 0.21% decline, with Siemens Energy AG leading the downturn at a 3.81% drop. Similarly, the CAC 40 and the Euro Stoxx 50 saw decreases of 0.14% and 0.27%, respectively, with Stellantis NV experiencing a significant 5.45% fall across both indices. Contrastingly, the FTSE 100 opened with a 0.14% gain, buoyed by Babcock International Group PLC's 1.85% rise.

Currency Movements

The euro depreciated 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.