European markets bounce back on tariff truce

By Aya El Sayed On Apr 10, 2025

European stock markets rose sharply on Thursday after US President Donald Trump announced a 90-day pause on tariffs for many trading partners, offering relief following extended losses driven by escalating trade tensions.

The pan-European STOXX 600 index was up 5.77 per cent by 08:16 GMT. Germany’s DAX gained 5.85 per cent, France’s CAC 40 rose 5.39 per cent, Spain’s IBEX 35 advanced 5.06 per cent, and the UK’s FTSE 100 climbed 4.15 per cent.

The rebound followed a days-long market rout triggered by Trump’s earlier tariff measures, which had fuelled fears of a global trade war. The pause, announced late Wednesday, eased investor concerns and lifted market sentiment across the region.

Attribution: Amwal Al Ghad English, Investing.com

Subediting: Y.Yasser

Bank of England Bank of England (BOE)CAC-40 consumer price data DAX index economic data EU tariffs European Shares