European Markets React to US Tariffs and Await Economic Data

Thursday's trading session in Europe began with mixed results as the reciprocal tariffs by the United States officially started. Investors are also bracing for a slew of economic data releases from Germany, Switzerland, and France, alongside the Bank of England's pivotal interest rate decision.

Market Movements Highlighted

The DAX remained flat, while the Euro Stoxx 50 saw a modest increase of 0.22%, buoyed by Allianz's 4.2% gain. The CAC 40 advanced 0.18%, with Arcelor Mittal leading the charge with a 3.92% climb. Conversely, the FTSE 100 dipped 0.23%, following Hikma Pharmaceuticals' sharp 8.01% decline.

Currency Fluctuations

At 9:02 am CET, the euro strengthened by 0.12% against the dollar, trading at 1.16748. Similarly, the pound gained 0.12% against the dollar, reaching 1.33722.