European Markets End Four-Day Losing Streak

Major European stock markets closed higher on Tuesday, breaking a four-day losing streak amid hopes that the United States might negotiate new tariffs with its trade partners. This positive shift was fueled by comments from US Treasury Secretary Scott Bessent, indicating President Trump's personal involvement in upcoming trade discussions.

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 Adyen's 6.03% rise. France's CAC 40 and the UK's FTSE 100 also saw substantial gains, increasing 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, climbing 2.49% as Leonardo SpA advanced by 7.45%. Spain's IBEX 35 also traded positively, marking a 2.53% increase, 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 day's optimistic market sentiment.