Europe's major bourses fell on Thursday, with the STOXX 50 and STOXX 600 down more than 2%, amid a global selloff in stocks following President Trump's latest tariff announcement. The move sparked a broad flight to safety and deepened concerns about its impact on the global economy. The European Union faces tariffs of up to 20%, prompting European Commission President Ursula von der Leyen to warn that the move would deal a "huge blow" to the global economy.
She also confirmed that the EU was preparing retaliatory measures. Losses were broad-based, with basic resources and banks among the worst-performing sectors. On the corporate side, shares in Siemens, Airbus, Essilor, Schneider Electric, BNP Paribas, UniCredit and Intesa Sanpaolo all fell more than 3%. ASML Holding fell nearly 2.9%, while LVMH dropped more than 2%.
Source: Trading Economics
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