European stock markets: subdued sentiment at the start of trading

The mood on European stock markets was subdued at the start of trading today, as investors looked for signs of progress in talks at the Middle East.

And European carmakers were under pressure after U.S. President Donald Trump announced a hike in tariffs.

Trump said Friday that he would raise tariffs on cars and trucks from the European Union to 25% this week.

German carmakers were the biggest decliners, with BMW and Mercedes down 2%.