European equities open the day on a softer note

The wipeout is not as bad as in Asia though

  • Eurostoxx -0.9%
  • Germany’s DAX -0.9%
  • UK’s FTSE -0.5%
  • France’s CAC 40 -0.9%
  • Spain’s IBEX -0.9%
  • Italy’s FTSE MIB -1.2%

Or at least not yet. Some relief for stocks in Europe is that the single market has been granted exemption from Trump’s tariffs until 2 May at least. But there is still the growing backdrop of a trade war between US and China – so that will play into investors’ fears.

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