European stocks close 2.7% higher, snapping streak of tariff-led losses
European markets closed broadly higher on Tuesday, breaking a four-day losing streak fueled by red-hot global tariff tensions.
The regional Stoxx 600 index closed 2.72% higher at 486.9 points. Insurance stocks were 4.08% higher on the day, financial services were up 3.89% and travel was 3.85% higher.
It comes after the Stoxx 600 index ended Monday’s session around 4.5% lower, falling to its lowest closing level since January 2024, following days of market volatility and extreme selling.
The equity rebound was reflected globally on Tuesday, kicked off by Asia-Pacific markets and later joined by U.S. stocks. Amid some dip buying, investors also appeared hopeful the U.S. will begin talks that could lead to deals that lower the duties over time.
The world has been rocked by the frequent updates around U.S. President Donald Trump’s tariffs regime in recent days, and despite stock gains, tensions between the U.S. and its trading partners do not appear to be easing.
Source : CNBC
