Market Recovery Amid Trade War Fears

After enduring days of sharp declines triggered by retaliatory tariffs introduced by United States President Donald Trump, European stock markets showed signs of recovery at the opening bell on Tuesday. The tariffs, which have sparked a global trade war, led to significant losses across major markets.

European Union's Countermeasures

The European Union is poised to launch its countermeasures on April 15, with some officials hinting at an "economic bazooka" as a potential response. This move has been closely watched by investors and market analysts alike.

Notable Gains Across Major Indices

The DAX rose by 1.11%, with Siemens Energy jumping by 5.81%. Similarly, the FTSE 100 added 0.92%, and the CAC 40 advanced by 1.57%. The Euro Stoxx 50 also saw an improvement, with UniCredit soaring 3.80%.

Currency Movements

In currency markets, the euro traded 0.65% higher against the dollar, while the pound gained 0.49% compared to the dollar, reflecting a cautious optimism among investors.