European banks sink as tariff selloff hits global markets

Published 04/04/2025, 09:22
© Reuters.

Investing.com -- European lenders continued their sharp decline on Friday as global markets remained under pressure from U.S. President Donald Trump’s aggressive tariff measures. 

As of 04:20 ET (08:20 GMT), Stoxx 600 Banks was down 4.9%. Among the hardest hit were BPER Banca, Deutsche Bank (ETR:DBKGn), and Sabadell, all losing between 6.3% and 8.6%. 

Other major banks, including BNP Paribas (OTC:BNPQY) and ING Groep (AS:INGA), were down 5.1% and 4.8%, respectively.

The selloff wasn’t confined to Europe. Wall Street’s biggest financial players, including Goldman Sachs, Morgan Stanley (NYSE:MS), and JPMorgan Chase (NYSE:JPM), suffered significant losses on Thursday, with declines ranging from 7.2% to 9.8%—the steepest since the 2020 market turmoil. 

The wave of selling reflects deepening concerns over the economic consequences of heightened trade tensions. 

Investors fear that higher costs imposed by tariffs will stifle business activity, weaken loan demand, and increase the risk of credit defaults.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.