European Stocks Extend Gains
The STOXX 50 rose 0.7% and the STOXX 600 gained 0.4% on Friday, marking a fourth consecutive session of gains. Both indexes were on track to end the week up approximately 3.7% and 2.4%, respectively. Investor sentiment was lifted by a more conciliatory tone from the White House and hopes of easing tensions with China.
President Trump stated that his administration was in talks with Beijing, and Bloomberg reported that China was considering suspending its 125% tariff on certain US imports. However, Chinese authorities later dismissed it, clarifying that no tariff negotiations are currently underway and warning the US not to mislead the public about the state of discussions.
Travel and auto stocks were among the top performers. Meanwhile, earnings season continues, with shares of Safran climbing 3.6% after the company reported a stronger-than-expected rise in first-quarter revenue and expressed confidence in meeting full-year targets, excluding any potential tariff impact.
Source : Trading Economics