India, March 31 -- European stocks drifted lower on Monday after U.S. President Donald Trump said that upcoming tariffs would target all countries, stoking worries a global trade war could lead to recession.
In economic releases, Germany's import prices grew at the fastest pace in more than two years in February, while export prices were 2.5 percent higher than in the same period last year, marking the largest annual increase recorded since March 2023, according to data from Destatis released earlier today.
The pan European STOXX 600 was down 1.1 percent at 535.94, extending losses for a fourth consecutive session.
The German DAX fell a little over 1 percent, France's CAC 40 shed 1.3 percent and the U.K.'s FTSE 100 lost 1 percent.
Swedi...