European major stock indices mostly down at open; Euro Stoxx 50 down 0.29%, FTSE 100 down 0.09%, CAC 40 down 0.28%, DAX 30 down 0.55%, FTSE MIB up 0.3...
TL;DR
European stock indices opened mostly lower due to trade uncertainty, with the DAX falling 0.55% and the FTSE MIB rising 0.35% as an exception. Investors are cautious ahead of policy updates and trade negotiations.
European major stock indices mostly down at open; Euro Stoxx 50 down 0.29%, FTSE 100 down 0.09%, CAC 40 down 0.28%, DAX 30 down 0.55%, FTSE MIB up 0.35%.
European Major Stock Indices Open Lower Amid Trade Uncertainty, FTSE MIB Defies Trend
February 23, 2026
Major European stock indices opened broadly lower on Monday, reflecting renewed caution among investors amid escalating trade-related uncertainties. The Euro Stoxx 50 fell 0.29%, the FTSE 100 declined 0.09%, and the CAC 40 dropped 0.28%, while the DAX 30 underperformed with a 0.55% decline. In contrast, Italy's FTSE MIB bucked the trend, rising 0.35% to outperform its European counterparts.
The mixed performance highlights divergent regional responses to global risk factors. Recent reports indicate that escalating trade tensions and regulatory shifts are dampening risk appetite, particularly in Germany and France, where manufacturing-heavy indices like the DAX and CAC 40 are more exposed to cross-border disruptions. According to market analysis, the FTSE MIB's resilience may reflect Italy's growing focus on domestic reforms and energy transition investments, which have attracted niche sectoral interest in recent months.
Historically, the DAX and FTSE MIB have shown varying performance trajectories, with the DAX traditionally benefiting from Germany's industrial exports during global expansionary cycles. However, recent volatility underscores shifting dynamics, as sectors tied to energy security and technology adoption gain prominence.
Market participants remain cautious ahead of key policy updates, with traders closely monitoring developments in trade negotiations and inflation trends. The European Central Bank's upcoming meeting in March will also be scrutinized for clues on monetary policy direction, which could influence equity valuations across the region. As reported, investors are advised to balance exposure to cyclical and defensive sectors, given the fragmented recovery in European markets. Further updates will depend on the resolution of trade uncertainties and evolving macroeconomic data.
DAX vs FTSE MIB: historical performance from 1997 to 2026
European stocks retreat as more trade uncertainty hits risk appetite
