European Markets React Positively to US Tariff Delay

European stock markets experienced a mostly positive trading session on Tuesday, buoyed by the announcement from United States President Donald Trump regarding a 30-day delay in imposing tariffs on Mexico and Canada. This decision has brought a sense of relief to European investors, despite the looming possibility of similar tariffs being considered for the European Union.

Key Indexes Show Mixed Results

The DAX index saw an increase of 0.48%, while the Euro Stoxx 50 rose by 0.92%, largely due to a significant jump in Infineon Tech AG shares by 10.37%. The CAC 40 also enjoyed gains, closing 0.74% higher, with Dassault Systemes SE surging 8.86%. However, not all was positive, as the FTSE 100 dipped into the red, dropping 0.12%, primarily due to a 7.03% plummet in Vodafone Group PLC shares.

Currency Movements

On the currency markets, the euro strengthened against the dollar, surging 0.81% to $1.03790 by 5:28 pm CET. Similarly, the pound sterling gained 0.63% against the dollar, trading at $1.24805 at the same time.