Major stock market indexes in Europe closed lower on Monday after United States President Donald Trump announced a 30% tariff on the European Union's exports. Meanwhile, the bloc said it is planning a response of €72 billion in counter-measures if a deal is not reached soon.
The DAX decreased by 0.32% as Zalando SE plunged by 5.28% at 5:38 pm CET. The CAC 40 fell by 0.24%, with Teleperformance SE sliding by 2.17%. The Euro Stoxx 50 went down by 0.23% as Bayerische Motoren Werke (BMW) AG sank by 2.48% at 5:38 pm CET. On the other hand, the FTSE 100 increased by 0.64%, with Associated British Foods PLC rising by 2.20%.
The euro stood flat against the dollar at 5:28 pm CET to sell for $1.16833. Meanwhile, the pound sterling lost 0.39% against the US currency to go for $1.34481.
