Stock Market: Europe Falls on Tariffs, Bitcoin Soars

European stock markets are moderately strong decline, following Donald Trump's letter announcing 30% tariffs starting from August. The markets are weighed down by the uncertainty of negotiations between the EU and the US and future trade relations. Trump's moves boost cryptocurrencies as Bitcoin surges 3% above $122,000. On the currency front, the dollar strengthens against major currencies, with the euro falling to 1,1687. The Stoxx 600 index fell 0.4%. Frankfurt declined. (-0.7%), Paris (-0.5%), Madrid (-0.6%). Moderately rising London (+0.2%), with the United Kingdom having already signed a trade agreement with the US. The main stock markets are affected. the luxury goods (-1.2%) and automotive (-1.1%) sectors. Sales also in the technology sector (-0.8%), banks and insurance companies (-0.5%). The energy stock sector was little changed (-0.07%), with Oil is on the rise. WTI is gaining 1.3% to $69.32 a barrel. barrel. Brent rises 1.1% to $71.20. Weak prices utilities (-0.02%), with gas gaining 0.9% to 35.90 euros per megawatt hour. The pharmaceutical industry bucked the trend (+0.3%). Government bond yields remained little changed. The spread between BTP and Bund drop to 85 points, with the 10-year rate Italian at 3.58% and the German one at 2.72%. Gold is on the rise rises to $3,369 an ounce.