European Markets React to ECB's Rate Decision

Major European stock indexes experienced a downturn at the opening on Friday, following the European Central Bank's (ECB) announcement to keep interest rates unchanged. This decision comes amidst growing concerns over trade relations between the United States and the European Union.

Stock Performance Highlights

The DAX saw a decline of 0.66%, with Daimler Truck dropping by 1.42%. Similarly, the FTSE 100 slipped by 0.14%, and JD Sports Fashion fell by 1.19%. The CAC 40 wasn't spared, decreasing by 0.51%, with Cie Generale des Etablissements Michelin leading the fall at 2.86%. The Euro Stoxx 50 also dipped by 0.41%, with Nokia declining by 2.35%.

Currency Movements

At the same time, the euro remained stable against the dollar, trading at $1.17475, while the British pound lost 0.17% against the dollar, standing at $1.34898.