Major European markets opened in the red on Friday amid global economic uncertainty caused by the ongoing trade war between major economies.
Previously, the Swiss National Bank cut interest rates by 25 basis points, while the Bank of England and Sweden's Riksbank opted to hold steady. The Bank of England cited heightened uncertainty around global trade and tariffs.
Elsewhere, Heathrow Airport remained closed Friday after a massive fire at a nearby substation knocked out power. The incident forced major airlines to cancel or divert flights.
At 9:04 am ET, the CAC 40 fell 0.95%, while STMicroelectronics decreased by 3.87%. The FTSE 100 declined 0.30%, as JD Sports Fashion dropped by 3.08%. The pan-European Euro Stoxx 50 edged down 0.43%, and Deutsche Post led losses, trading 2.18% lower. The DAX lost 0.34% a minute later, with Siemens Healthineers down by 2.61%.
In currency markets, at 8:59 am CET, the euro was down by 0.14% against the dollar, selling for $1.08385. The pound fell by 0.23%, going to $1.29375 simultaneously.
