European stock markets opened with a sharp drop

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12:10; 09 April 2025 year
сгенерировано ИИ

© сгенерировано ИИ

European stock markets opened with a sharp drop amid the escalating trade conflict between the United States and China.

The Frankfurt Stock Exchange recorded a 2.51% decline in the main DAX index, which includes the 40 largest joint-stock companies in Germany, to 1970.60 points. At the same time, the MDAX index fell by 2.56% to 24,917.39 points.

The Milan Stock Exchange showed an even more significant drop - the FTSE MIB index fell by more than 3% to 32,622 points, which was the worst result since the pandemic period. The Amsterdam Stock Exchange also opened with a decline - the index based on shares of the 25 companies with the largest capitalization fell by 2.5%, although by 11:00 Moscow time it had partially recovered by 0.5 percentage points.

The new trade policy of the US administration has a critical impact on global markets. On April 2, President Donald Trump announced the introduction of large-scale customs duties on products from 185 countries and territories. Universal tariffs of 10% came into force on April 5, and individual duties on April 9. Additionally, on April 3, the United States imposed a 25% duty on all imported cars and declared a state of emergency in the country.

Experts point out that high import duties lead to higher prices in stores, which in turn slows down economic growth. Stock traders and analysts predict further unrest in the financial markets, which increases uncertainty in the global economic outlook.