European Stocks Rise After U.S. Tariff Delay

European stocks rose on Monday, moving to recover losses from the previous session, thanks to relief after U.S. President Donald Trump delayed the imposition of 50% tariffs on the European Union.اضافة اعلان
According to Bloomberg News, the European Stoxx 600 index climbed 1% as of 07:10 GMT.

The automotive and auto parts index, which is sensitive to tariff-related pressures, rose by 1.4%. Shares of Mercedes gained 2.1%, BMW rose 2%, and Volkswagen climbed 1.9%.

Luxury goods companies, which are heavily exposed to the U.S. market, also saw gains. Shares of Kering and Richemont rose between 1.5% and 2.4%.

Bank stocks, which are sensitive to economic conditions, increased by 1.5%, while the technology sector led gains with a 1.9% rise.

The index had fallen by 0.9% on Friday after Trump unexpectedly recommended imposing high tariffs on goods imported from the European Union.

He stated that negotiations with the “bloc (European Union) are not progressing fast enough.”