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European stocks fluctuate as Trump imposes tariffs

European stocks wobbled in early trading on Friday as investors assessed the announcement of U.S. tariffs on metals and focused on the U.S. employment report due out later.

Photo: Reuters

The Stoxx Europe 600 index sank 0.1% to 376.38.

France’s CAC 40 index slipped 0.2% to 5,244.25, while Spain’s IBEX 35 ticked up 0.1% to 9,659.10. The UK’s FTSE 100 index was steady at 7,201.67.

Germany’s DAX 30 index slumped 0.5% to 12,298.65. German industrial production dipped by 0.1% in January, its second straight decline after a fall of 0.5% in December.

U.S. President Donald Trump late Thursday backed his intention to impose tariffs on imported steel and aluminum, signing two proclamations. Cecilia Malmstrom, the European Union's trade chief said Friday, the bloc had prepared counter-measures to respond to Trump's tariffs.

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