European Markets End Losing Streak on Trade War Optimism

Major European stock markets closed higher on Tuesday, breaking a four-day losing streak, as investors welcomed news of potential negotiations between the United States and its trade partners over new tariffs. The positive sentiment was further bolstered by comments from US Treasury Secretary Scott Bessent, indicating President Trump's personal involvement in the talks.

Significant Gains Across Key Indices

The DAX surged by 2.93%, with Siemens Energy leading the charge with a 5.48% jump. Similarly, the Euro Stoxx 50 added 2.86%, thanks to a 6.03% rise in Adyen. France's CAC 40 and the UK's FTSE 100 also saw substantial gains, climbing by 2.5% and 2.71% respectively, with Thales and Rolls-Royce Holdings among the top performers.

Swiss and Italian Markets Shine

Switzerland's SMI rose by 3.21%, with Lonza surging 7.62%. Italy's FTSE MIB wasn't far behind, gaining 2.49% as Leonardo SpA advanced by 7.45%. Spain's IBEX 35 also traded in positive territory, up by 2.53%, with International Consolidated Airlines Group soaring 6.21%.

Currency Movements

The euro and pound sterling both gained against the dollar, with the euro up 0.08% to $1.09155 and the pound adding 0.41% to $1.27722, reflecting the broader market optimism.