European Markets Show Mixed Reactions Amid Trade War Tensions

As the trade war continues to escalate under United States President Donald Trump's latest tariff decisions, European markets closed Thursday's session with mixed results. Investors are closely monitoring the impact of these tariffs, which have recently affected multiple nations, including the Philippines and Iraq.

Economic Data from Germany and Italy

Germany has reported a slight decrease in inflation, dropping from 2.1% to 2% in June. Meanwhile, Italy revealed a concerning 0.7% decline in industrial output for May, signaling potential challenges ahead for the Eurozone's third-largest economy.

Market Performances Across Europe

The German DAX experienced a minor decline of 0.17%, with Commerzbank shares falling by 3.96%. In contrast, France's CAC 40 saw a 0.32% increase, buoyed by STMicroelectronics' 4.34% gain. The UK's FTSE 100 outperformed with a 1.24% jump, thanks to Rio Tinto's 4% rise. The Euro Stoxx 50 remained unchanged.

Currency markets also felt the pressure, with the euro dropping 0.37% against the dollar to 1.16775, and the pound decreasing by 0.21% to 1.35593 by 5:32 pm CET.