Major stock markets traded with gains at the opening bell on Tuesday after days of sharp declines, triggered by United States President Donald Trump's introduction of retaliatory tariffs on a range of countries, which sparked a global trade war. The European Union is set to launch its countermeasures on April 15, and some officials suggested that an "economic bazooka" is being considered as a possible response.
The DAX rose by 1.11% at 9:00 am CET, with Siemens Energy jumping by 5.81%. At the same time, the FTSE 100 added 0.92% and Scottish Mortgage Investment Trust surged by 4.19%. The CAC 40 advanced by 1.57% as STMicroelectronics climbed by 4.49%. The Euro Stoxx 50 improved by 1.38%, with UniCredit soaring 3.80%.
The euro traded 0.65% higher against the dollar to sell for $1.09788 at 8:58 am CET. Simultaneously, the pound gained 0.49% compared to the dollar, going for $1.27859.
