European Markets Open Higher Amid Easing Trade Tensions

Investors across the Old Continent welcomed the first session of the week with optimism, as signs of easing trade tensions spurred a rally in equities. The positive sentiment was fueled by United States President Donald Trump's announcement to apply a lower 20% tariff on electronics from China.

Germany Urges Caution on Digital Service Taxes

While Europe's response to the tariff adjustments is anticipated tomorrow, Germany has advised fellow EU members to reconsider imposing digital service taxes on American tech giants. This move highlights the delicate balance between fostering international trade relations and protecting domestic interests.

ECB's Upcoming Decision in Focus

Traders are also keeping a close eye on the European Central Bank's forthcoming monetary policy decision, expected later this week, which could further influence market dynamics.

Market Performance Highlights

FTSE100 opened 0.40% higher, while the CAC40 saw a significant increase of 1.98%. The DAX outperformed with a 2.16% rise, and the EuroStoxx 50 climbed 2.47% above the line.

Currency Movements

At 8:51 am CET, the euro appreciated by 0.48% against the dollar, trading at 1.14187, and the pound gained 0.60%, reaching 1.31690.

More updates to follow...