European Markets Show Resilience

After experiencing significant losses, major European stock markets opened with notable gains today. This rebound comes in the wake of retaliatory tariffs introduced by United States President Donald Trump, sparking fears of a global trade war.

Market Performance Highlights

The DAX index rose by 1.11%, while the FTSE 100 added 0.92%. The CAC 40 saw an increase of 1.57%, and the Euro Stoxx 50 improved by 1.38%.

Currency Movements

The euro and pound both strengthened against the dollar, with the euro trading 0.65% higher and the pound gaining 0.49%.

More developments are expected as the European Union prepares to launch its countermeasures on April 15, with some officials hinting at an "economic bazooka" as a potential response.