Europe Stocks Rebound; EU Says ‘All Instruments are On The Table’ Ahead of U.S. Tariffs Day
European markets were higher on Tuesday, staging a broad rebound as global investors brace for U.S. President Donald Trump’s trade tariffs set to come into effect on Wednesday.
The regional Stoxx 600 index jumped nearly 1% in early deals, coming off four straight declines and a 1.5% loss in the prior session. Technology and mining stocks led gains, up 1.54% and 1.28% respectively.
Asia-Pacific markets climbed overnight and U.S. stock futures slipped on Tuesday morning as the market awaited clarity from Trump regarding his tariff policy rollout on Wednesday.
A slew of tariffs are set to come into effect, including a 25% levy on “all cars that are not made in the United States.” The president is also expected to announce his plan for reciprocal tariffs. The Trump administration has dubbed April 2 “Liberation Day.”
Source : CNBC