European markets retreat as Trump's tariff decision looms

Seeking Alpha News (Wed, 02-Apr 4:14 AM)

London (UKX) -0.42% to 8,598. 

Germany (DAX:IND) -1.17% to 22,276. 

France (CAC:IND) -0.57% to 7,831. France’s government budget deficit narrowed to €40.3B in February

The pan-European Stoxx 600 (STOXX) edged 0.73% lower to 535.67, as investors await President Donald Trump’s latest round of tariffs, with reports suggesting that Trump may slap a universal 20% tariff on most imports, though a country-specific reciprocal approach remains the likely outcome.

Coming up in the session: A lighter day on the economic calendar.

In the bond market, the U.S. 10-year Treasury yield was up 1 basis point to 4.17%.

Germany's 10-year yield was down 1 basis point to 2.67%.

UK's 10-year yield was up less than 1 basis point to 4.64%.

Currencies: (EUR:USD) (GBP:USD) (CHF:USD)

ETFs: (NYSEARCA:EWG), (NYSE:GF), (NYSEARCA:EWI), (NYSEARCA:EWQ), (NASDAQ:FGM), (NASDAQ:DAX), (NYSEARCA:FLGR), (NYSEARCA:FXB), (NYSEARCA:EWU), (NASDAQ:FKU), (BATS:EWUS), (NYSEARCA:FLGB), (NYSEARCA:GREK).