Stocks across the Atlantic were sliding Friday after the Trump administration made another about-turn on tariffs and the European Central Bank stuck to the script with a quarter-point interest-rate cut.
Europe’s flagship Stoxx 600 index fell 0.8% in morning trading. London’s FTSE 100 slipped 0.5%, Paris’s CAC 40 was down 1.1%, and Frankfurt’s Dax tumbled 1.7%.
The indexes have been making wild moves this week amid uncertainty about Trump’s trade policies. On Thursday, ECB President Christine Lagarde said the economic outlook was “clouded with uncertainty,” which investors saw as a sign that the central bank could take a more cautious approach to lowering borrowing costs.