The STOXX 50 fell 0.5% and the STOXX 600 dropped 0.4% on Friday, extending losses for a third straight session to levels not seen in nearly two weeks. Investor sentiment remained subdued, weighed down by tariffs imposed by the Trump administration, which have continued to raise concerns about the economic outlook.
New reciprocal tariffs on U.S. imports, including a 25% levy on cars, are due to take effect on April 2. On the data front, inflation in France and Spain came in below expectations in March, while consumer sentiment in Germany failed to improve as anticipated. Shares of SAP, ASML Holding and Siemens were all down more than 1%. For the week, the STOXX 50 was down 0.9%, and the STOXX 600 was down 0.6%.
Source: Trading Economic
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Weak sales and profit...