European Stocks Face Turbulence Amid Trade War Concerns

European shares fell on Friday, capping a week of uncertainty spurred by global trade war concerns. The STOXX 600 index dropped, alongside Germany's DAX. Ubisoft's shares surged following Tencent's investment. Deutsche Bank's leadership changes marked a noteworthy management shift amid market turbulence.

European shares took a downturn on Friday, concluding a volatile week dominated by apprehensions regarding the worldwide economic repercussions of a burgeoning trade war driven by U.S. President Donald Trump.

The pan-European STOXX 600 dipped 0.2% at 0811 GMT, after two days of losses, and was poised to decline 0.8% for the week. Germany's DAX, sensitive to trade actions, slid 0.6%. Ubisoft's stock soared 7.2%, buoyed by establishing a subsidiary attracting a 1.16 billion euros ($1.25 billion) investment from China's Tencent.

Europe's leading index hit two-week lows on Thursday amid concerns over Trump's 25% import tariffs on the car sector before an impending deadline for reciprocal tariffs from U.S. trade partners. Concurrently, a survey revealed German consumer sentiment remained steady into April, with an emphasis on savings, reflecting household uncertainties. Additionally, Deutsche Bank saw a 2.7% fall as CEO Christian Sewing's contract was extended, with the departure of key executives amid a management overhaul, firming leadership during Germany's largest lender's recovery phase.

(With inputs from agencies.)