As of 09:00 in Lisbon, the EuroStoxx 600 index was down by 0.76%, standing at 544.58 points.
The stock exchanges in London, Paris, and Frankfurt saw declines of 0.60%, 0.64%, and 1.02%, respectively, with Madrid and Milan also registering losses of 0.77% and 0.73%.
Reflecting the opening trend, the Lisbon stock exchange’s main index, PSI, decreased by 0.28% to 6,867.84 points at 09:00.
Stock markets are reacting negatively to the announcement of this new aggressive measure, which intensifies the trade war initiated by the Trump administration.
The European Automobile Manufacturers Association (ACEA) expressed “deep” concern over U.S. President Donald Trump’s announcement to impose additional tariffs on the sector, warning that this would harm global car manufacturers and the U.S. manufacturing industry alike.
In Asia, Tokyo’s main stock index, the Nikkei, fell by 0.6%, affected by the automotive sector, while Shanghai’s reference index gained 0.15% and Shenzhen’s increased by 0.23%.
On Wall Street, markets closed in the red on Wednesday.
The Dow Jones ended down by 0.31% at 42,454.79 points, a stark difference from its all-time high of 45,014.04 points recorded on December 4, 2024.
The high-technology Nasdaq index fell 2.04% to close at 17,899.02 points, well below its record peak of 20,173.89 points on December 16, 2024.
Germany’s 10-year bond yields, regarded as Europe’s safest, decreased to 2.756%, from 2.794% on the previous session.
The price for Brent crude for May delivery, the European benchmark, decreased to .59, down from .79 on Wednesday.
Meanwhile, the U.S. benchmark, West Texas Intermediate (WTI), fell 0.30% to .44 ahead of the official market opening.
Trump announced a tariff imposition of 25% on countries purchasing Venezuelan oil, whether directly or through intermediaries.
Gold was up by 0.77%, with the price per ounce at ,075.
Bitcoin saw a slight increase of 0.15%, reaching ,415.25.
The euro appreciated, trading at .0762 in the Frankfurt exchange market, up from .0757 on Wednesday and .0218 on January 13, which was the lowest since November 10, 2022.
