European Markets Rally on Tariff Relief

European markets experienced a significant uplift at the close on Monday, with the Stoxx 600 index jumping 2.2%. This surge in investor confidence comes on the heels of a temporary exemption by the US on tech-related tariffs, a move that has notably eased tensions within the global tech supply chain.

Key Performers Across Major Indices

Leading the charge, the DAX saw a remarkable gain of 2.61%, with Siemens Energy AG soaring by 5.51%. Not far behind, the CAC 40 added 2.37% to its value, propelled by Eurofins Scientific SE's 5.12% increase. The FTSE 100 wasn't left out, marking a 2.14% rise as Barclays PLC ORD climbed by 4.77%. The pan-European Euro Stoxx 50 also enjoyed a healthy 2.38% boost, with Bankinter at the forefront, trading 4.47% higher.

Currency Markets Respond Positively

In the realm of currency, the euro and the British pound both appreciated against the dollar by 0.11% and 0.67% respectively, with exchange rates settling at $1.13729 and $1.31803 by 5:31 pm CET.