European Markets Plummet Amidst Uncertainty as Banking Sector Suffers Major Losses

European stock markets experienced a sharp decline on April 4, 2025, sending shockwaves through key sectors like banking and energy. The STOXX 600 Banks Index took the biggest hit, plunging by a staggering 5.1% – its largest drop since March 2020. This marked an alarming trend for European financial institutions. The DAX and IBEX 35 indices also fell by around 1.0% and 2%, respectively, indicating a widespread dip across the European market landscape.