At the close: European equities start off the Trump era 2.0 in the red

The only reason I can think of for the early strength in Europe stocks was a flow-driven unwind in volatility and option trades. In any case, the market later figured out that Trump’s plan is to put tariffs on Europe.

Closing changes:

• Stoxx 600 -0.6%
• German DAX -1.1%
• France CAC -0.7%
• UK FTSE 100 -0.2%
• Spain IBEX -2.9%
• Italy’s FTSE MIB -1.6%

Eyes will be on DAX 19,000 tomorrow as key support.

This article was written by Adam Button at www.forexlive.com.