European markets ended the day on a positive note on Tuesday, buoyed by cautious optimism surrounding potential relief from US President Donald Trump’s tariff policies. Economic data from the region painted a mixed picture, with Germany's economic sentiment sharply dropping in April, while Eurozone industrial production saw a 1.1% rise in February.
Before markets closed, reports showed that the European Union remains skeptical that the US will ease its 20% tariffs on imports from the bloc. Meanwhile, carmakers warned that ongoing tariffs and regulations could severely impact the industry across both continents.
The DAX gained 1.49% with Heidelberg Materials advancing 4.21%. The FTSE 100 increased 1.44% as 3l Group PLC jumped 5.79%. The EURO STOXX 50 closed climbing 1.08% and the CAC 40 increased 0.86% with Stellantis NV surging 6.55% within both indexes. The euro was 0.42% lower than the dollar at 5:32 pm CET, trading at 1.13023. The pound was 0.30% up compared to the US currency, going to 1.32301.
