Reported about 17 hours ago
European shares fell on Friday, marking their steepest weekly loss in three years, as investors reacted to President Trump's announcement of extensive tariffs, raising fears of a global recession. The pan-European STOXX index dropped 1.8%, leading to a total weekly loss of 5%, the largest since February 2022. Along with anticipated interest rate cuts from the European Central Bank to mitigate economic impacts, the uncertainty around inflation and GDP impacts from the tariffs continues to weigh heavily on market sentiment.
Source: YAHOO