ADVERTISEMENTEuropean equity markets are experiencing their worst session since the outbreak of the COVID-19 pandemic in March 2020 as US President Donald Trump reiterated his commitment to eliminating US trade deficits — particularly with China — while denying any intention to fuel market turmoil.
As of 3:10 pm CET, the Euro STOXX 50 was down 5.27%, the broader STOXX 600 fell 5.15%, while France’s CAC 40 declined 3.78%, gaining some lost ground from earlier but remaining in the red. Germany’s DAX dropped 3.47%, and London’s FTSE 100 was lower at 3.90%, both also recouping some earlier losses. In Italy, the FTSE MIB dropped 5.66% and Spain’s IBEX 35 lost 5.75%.
In the US, major…