FX.co ★ European Markets Decline on Trump’s Auto Tariffs

European equity markets anticipated a downturn at the opening on Thursday following President Donald Trump's announcement of a 25% tariff on auto imports set to begin next week. This move is poised to significantly affect German automakers, who represent nearly 75% of the EU’s vehicle exports to the United States. Major companies such as Porsche, BMW, Mercedes, Volkswagen, and Audi are likely to experience the greatest impact. Additionally, investors will be closely monitoring Eurozone credit and money supply figures, alongside financial reports from H&M and Next. In premarket activity, Euro Stoxx 50 futures slipped by 0.6%, while Stoxx 600 futures decreased by 0.4%.