Market Concerns Over US Trade Negotiations

As the deadline for trade agreements with the United States approaches, major European stock indexes closed lower on Friday. The uncertainty has left market participants on edge, fearing the potential implementation of tariffs.

Economic Indicators Show Weakness

Early reports revealed a 1.4% decrease in German factory orders and a 0.5% decline in French industrial output for May. These figures have added to the growing concerns over the economic outlook in Europe.

Geopolitical Tensions Add to Market Jitters

Developments in Ukraine, following Russia's extensive drone and missile attack, have also been closely monitored by market watchers. The attack, described as the most significant since the conflict began, has raised fears of escalating tensions.

Stock Performances Highlight Sector Vulnerabilities

The DAX fell by 0.61%, with SIEMENS AG dropping 3.33%. The pan-European Euro Stoxx 50 slipped by 1.01%, impacted by IBERDROLA's 2.69% fall. The French CAC 40 lost 0.75%, dragged down by Teleperformance SE's 2.47% loss, while the FTSE 100 remained flat.

Currency Movements Reflect Market Sentiment

On the currency front, the euro gained 0.22% against the dollar, trading at $1.17821, whereas the British pound remained stable at $1.36426.