At 13:55 in Lisbon, the EuroStoxx50 index fell 4.49% to 4,653.68 points, while the Eurostoxx 600 declined 4.71% to 472.95 points.
The stock markets in London, Paris, and Frankfurt decreased by 4.37%, 4.0%, and 4.11%, respectively, while those in Madrid and Milan dropped by 4.85% and 5.02%.
The Lisbon stock exchange maintained its opening trend, with the main index, the PSI, decreasing by 4.78% to 6,318.81 points at 13:55.
European stock markets mirrored losses in Asian counterparts, which plunged earlier today.
In the U.S., at this hour, Wall Street futures indicated another negative session.
Last Friday, the Dow Jones closed down 5.50% at 38,314.86 points, compared to its all-time high since the index’s inception in 1896, which was 45,014.04 points on December 4, 2024.
The Nasdaq, a high-tech stock index, ended down 5.82% at 15,587.79 points, against its record high of 20,173.89 points on December 16, 2024.
The market continues to be impacted by the tariffs imposed by U.S. President Donald Trump on the United States’ trade partners and the retaliatory measures announced by China, which may be followed by other major economies such as the European Union (EU).
President Trump announced the imposition of reciprocal tariffs on U.S. trade partners on April 2 but expressed openness to negotiate if the offers are “phenomenal.”
Gold, considered a safe-haven asset in times of uncertainty, was down to $3,027.63, compared to $3,038.24 and the all-time high of $3,131.52 on April 2.
Brent crude oil for June delivery, the benchmark in Europe, fell to $63.90, compared to $65.58 last Friday.
The euro was gaining, trading at $1.0984 in the Frankfurt foreign exchange market, compared to $1.0956 last Friday and $1.0218 on January 13, the lowest since November 10, 2022.
