European stocks opened mixed on Tuesday, as traders digested the first executive orders signed by newly inaugurated U.S. President Donald Trump on Monday.
The pan-European Stoxx 600 opened flat, while Germany's DAX fell slightly after hitting a record high. While the FTSE 100 opened 0.05% higher, Italy's FTSE MIB and CAC 40 were both in negative territory at 8:15 a.m. London time.
Orsted shares plunged 15% after the company reported a fourth-quarter loss of 12.1 billion Danish kroner ($1.7 billion) related to a U.S. offshore wind turbine project. Meanwhile, European automakers Stellantis and BMW moved lower on the threat of potential U.S. tariffs.
Global investors will assess the potential impact of Trump's second term after his inauguration as the 47th U.S. president on Monday. Following the ceremony, Trump signed his first executive orders in front of 20,000 supporters at the Capital One Arena in Washington.
Source: CNBC
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