- Title: European shares slide as Trump touts sweeping tariffs
- Date: 31st March 2025
- Summary: FRANKFURT, GERMANY (MARCH 31, 2025) (REUTERS) LOGO GERMAN STOCK EXCHANGE VARIOUS OF TRADING FLOOR VARIOUS OF TRADERS OPENING AT 22253.05 VARIOUS OF TRADERS CHANGE FROM -262.56 AND -1.17% TO -266.25 AND -1.19% TRADER DAX GRAPH TRADER HEIGHT AT 22271.73 AT 09:05 (0705GMT) PAN TO LOW AT 22160.86 AT 09:10 (0710GMT) TRADING FLOOR (SOUNDBITE) (German) SENIOR TRADER FIXED INCOME
- Embargoed:
- Keywords: DAX European stock exchange stock exchange
- Location: FRANKFURT, GERMANY
- City: FRANKFURT, GERMANY
- Country: Germany
- Topics: Europe,Economic Events
- Reuters ID: LVA001292031032025RP1
- Aspect Ratio: 16:9
- Story Text:European shares fell on Monday (March 31), as cautious investors fled risky bets after U.S. President Donald Trump said that tariffs would target all countries, fuelling fears of a global economic slowdown.
The pan-European STOXX 600 index fell 1.2%, as of 0709 GMT, with the benchmark indexes in the region's top economies Germany and France down 1% and 1.2%, respectively.
Wall Street futures EScv1, NQcv1 pointed to a sharply lower open as Trump's comments over the weekend prompted a rush to the safety of gold and Japanese yen. Investors are bracing for reciprocal tariffs on U.S. trading partners on April 2, which Trump has called "Liberation Day" for the U.S. economy.
The blanket tariff scenario prompted Goldman Sachs to lower its U.S. and euro area GDP forecast and add an additional quarter point rate cut to its forecasts for both, the Federal Reserve and the European Central Bank.
(Production: Timm Reichert, Anna Dittrich) - Copyright Holder: REUTERS
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