European shares tumble as U.S. reciprocal tariffs kick in
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 09 2025
0mins
Source: Reuters
European Market Decline: European shares fell sharply due to the implementation of U.S. tariffs, with the STOXX 600 index dropping 2.4% and nearing bear market territory, while concerns over a potential recession in Germany increased.
Impact on Sectors: Key sectors such as pharmaceuticals and energy faced significant losses, with major companies like Roche and Novartis declining by up to 5.9%, and oil prices hitting a four-year low, exacerbated by trade tensions with China.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
