European markets closed lower due to economic uncertainty and tariff concerns, with notable losses in mining and financial sectors.

From Nasdaq.: 2025-03-10 14:18:16

European stocks closed lower on Monday due to rising economic uncertainty and tariff concerns, with mining and financial sectors being notable losers. The pan European Stoxx 600 fell 1.29%, with the UK’s FTSE 100 down 0.92%, Germany’s DAX down 1.6%, and France’s CAC 40 down 0.9%. In the UK market, Entain and Rolls-Royce Holdings dropped, while Kingfisher rallied. Siemens Energy and MTU Aero Engines closed lower in the German market, while Porsche climbed. In the French market, Saint Gobain and Societe Generale declined, while Kering advanced.

On the economic front, provisional data from Destatis showed Germany’s industrial production expanded 2% in January, driven by a 6.4% growth in the automotive industry. Germany’s trade surplus decreased in January as exports fell by 2.5% and imports increased by 1.2%. Swiss consumer confidence dropped to -33.6 in February from -29.3 in the previous month.



Read more at Nasdaq.: European Markets Close Weak On Growth Worries