European markets open lower amid New U.S. tariffs and Ukraine war anniversary

The majority of European stock markets opened in negative territory following the entry into force, at 6:00 a.m. (European time), of the new tariffs introduced by the President of the United States.

To be more precise, Europe’s main indices posted mild but widespread losses: the Stoxx Europe 600 opened down 0.18% and the FTSE MIB fell 0.25%, while the IBEX 35 recorded a sharper decline of 0.53%. Investors remain cautious as they assess the potential impact on global trade flows and economic growth prospects.

The decision comes after it was struck down by the Supreme Court of the United States and provides for the introduction of global tariffs of 10% on imports into the United States—a lower rate than the 15% previously announced, yet still sufficient to reignite trade tensions and weigh on market sentiment.

In addition, today, February 24, also marks the fourth anniversary of Russia’s invasion of Ukraine, an event that has profoundly affected Europe’s geopolitical and economic landscape over the past years. In this scenario, the defense sector has recorded significant growth: the sector index has risen by approximately 260% since the start of the conflict. Particularly noteworthy is the performance of Leonardo, the Italian defense group, whose value has increased by around 770% over the same period, supported by rising military spending in Europe and stronger international orders.

Market attention now remains focused both on the evolution of trade tensions between the United States and its global partners and on developments in the conflict in Ukraine—factors that continue to significantly influence European equity markets.

Benedetta Zimone