European Markets Show Signs of Recovery

Following a tumultuous day sparked by fears of a global recession due to President Donald Trump's impending reciprocal tariffs, European stock markets have begun to claw back some of their losses. Investors are keenly awaiting Europe's countermeasures to the U.S. trade duties, alongside France's forthcoming trade balance report.

Market Performance Highlights

At 8:00 am CET, the DAX saw an increase of 1.24%, with the FTSE 100 not far behind, climbing 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 $1.09670 and the pound up 0.46% to $1.27813 around 7:58-7:59 am CET.