Doha: European stock indices were sharply lower on Monday, impacted by US President Donald Trump's statements regarding the possibility of raising tariffs on European countries.
According to Qatar News Agency, the pan-European Stoxx 600 index fell by 7.58 points, or 1.4 percent, to close at 606.80 points. This decline reflects the market's reaction to the potential economic implications of increased tariffs.
The German DAX index also experienced a significant drop, declining by 336.80 points, or 1.4 percent, to close at 24,960.33 points. Similarly, the British FTSE 100 index closed down by 39.94 points, or 0.4 percent, to close at 10,195.35 points, indicating widespread concern across major European markets.
The French CAC index was not spared, falling by 146.92 points, or 1.78 percent, to close at 8112.02 points. The potential for increased tariffs has evidently created uncertainty and caution among investors, contributing to the overall downward trend observed in European stock indices.