European stock markets appear to shrug President Donald Trump's latest tariff announcement.
Pan-European Stoxx 600 It temporarily touched on a record peak of 554.89 points in London at 2:30pm. Most sectors benefited, but stocks in the Stoxx 600 construction and materials index were slightly lower.
US President Donald Trump told reporters he plans to announce a 25% tariff on all steel and aluminum imports on Monday.
Shares of ArcelorMittal, Europe's largest steel maker, were 1% lower by the late afternoon, trimming previous losses.
The US major stock index fell last Friday after Trump said he was planning mutual tariffs for trading partners. However, Wall Street passed the new announcement and the market opened on Monday.
Meanwhile, share BP It rose 7% following reports that activist investor Elliott Management has built a share in the company. Elliott Management and BP declined to comment on reports that do not specify the size of potential stocks that Paul Singer hedge funds have occurred.
This week's major data releases include US inflation data on Wednesday, German inflation, UK GDP on Thursday, and the latest quarterly European growth data on Friday.
