Khaberni - European financial markets saw a significant decline today, Friday, following US President Donald Trump threatening to impose a 50 percent tariff on European Union imports, starting from the beginning of June.
The "Guardian" newspaper reported that the German DAX index was negatively affected, recording a drop of 1.9 percent, while the Italian FTSE MIB index declined by 2 percent. Additionally, the Stoxx 600 Banks index, which tracks the performance of European bank stocks, fell by 1.7 percent.
In London, the FTSE 100 index, which includes major companies listed on the British stock exchange, dropped by 101 points, or 1.1 percent, amid increasing fears of escalating trade tensions again. Bank stocks were among the most declined in today's session.
--(Petra)
