European Markets Show Signs of Recovery

Major European stock markets opened higher on Tuesday, signaling a partial rebound from the previous day's significant losses. The selloff was triggered by growing concerns over a potential global recession, following the announcement of reciprocal tariffs by United States President Donald Trump, set to be implemented imminently.

Investors Await Europe's Next Move

As markets adjust, investors are keenly awaiting Europe's response to the US trade duties. Additionally, anticipation builds for France's upcoming trade balance report, which could provide further direction for the markets.

Market Performance Highlights

At 8:00 am CET, the DAX was up by 1.24%, while the FTSE 100 saw a more substantial increase of 1.77%. The CAC 40 and Euro Stoxx 50 also posted gains, advancing by 0.94% and jumping by 2.07%, respectively, by 8:01 am CET.

Currency Movements

The euro and British pound both strengthened against the dollar, with the euro gaining 0.54% to sell for $1.09670 and the pound up by 0.46% to $1.27813.