European stock markets experienced significant losses on Friday, with the Stoxx 600 index dropping 1%, effectively ending a streak of ten consecutive weekly gains. Uncertainties surrounding President Trump's trade policies, particularly his last-minute reprieves on tariffs for Mexico and Canada, have unsettled investors. Major market indices, including the FTSE 100 and Germany's DAX, also reflected this dip. Wall Street saw a notable decline as the Nasdaq entered correction territory. Amid these market shifts, gold prices increased, highlighting a flight to safety among investors dealing with heightened risk aversion.
European stock markets faced a steep decline amid President Trump's conflicting signals on tariffs, leading to investor unease and halting a ten-week gain streak.
Jamie Constable highlights that the instability from the White House, due to the erratic trade policies, is creating significant uncertainty in the markets.
The Nasdaq Composite saw a profound drop into correction territory, indicating broader concerns among investors regarding the future of economic growth.
As risk aversion heightened in the markets, gold prices rose, underscoring an increased demand for safe-haven assets amid trade policy uncertainty.
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