Europe markets close lower amid tariff uncertainty; Bayer down 6% after Roundup verdict
European markets closed slightly lower on Monday as optimism over the path of U.S. tariffs faded.
Concluding a choppy session, the pan-European Stoxx 600 ended 0.13% lower, with Germany’s DAX down 0.17%, France’s CAC 40 down 0.26%, and the U.K.’s FTSE 100 down 0.1%.
The travel and leisure sector was up 0.55% after London’s Heathrow Airport reopened on Saturday following a power outage caused by a fire at a nearby electrical substation that disrupted Friday service. British Airways owner IAG was up 0.8%.
Swedish defense firm Saab gained 4.5% after UBS upgraded its stock from neutral to buy, saying the company is “well-positioned for the defence spending upside.”
Global investors in the region are looking ahead to U.S. President Donald Trump’s April 2 tariff deadline.
Source: CNBC