European stocks fell in line with declining Asian markets, as recent comments from US President Donald Trump regarding trade tariffs diminished investor interest in riskier assets. Bitcoin saw a significant drop, extending its decline from January’s peak by over 25%. Regardless of Friday’s results, February has proven to be a challenging month for Tesla, with its stock decreasing in 14 out of 19 trading days and experiencing six consecutive down days. Trump announced that a 25% tariff on imports from Canada and Mexico will take effect on March 4, and imports from China will incur an additional 10% tax. Economists warn that these tariffs could negatively impact US economic growth, exacerbate inflation, and potentially lead to recessions in Mexico and Canada.
The Opening Trade provides all the essential information as markets begin across Europe. With unique analyses, we break down the major news stories of the day and feature insights from top guests actively involved in the market. Hosted by Anna Edwards, Guy Johnson, and Kriti Gupta. (Source: Bloomberg)
