European markets closed higher on Monday, with the Stoxx 600 index climbing 2.2% as investor sentiment rebounded following a temporary US exemption on tech-related tariffs.
The tariff pause, announced over the weekend by the Trump administration, excluded smartphones, computers, and semiconductors from the latest duties, easing pressure on the global tech supply chain.
At the close, the DAX gained 2.61%, with Siemens Energy AG up by 5.51%. The CAC 40 added 2.37%, while Eurofins Scientific SE improved by 5.12%. The FTSE 100 rose 2.14%, as Barclays PLC ORD advanced by 4.77%. Finally, the pan-European Euro Stoxx 50 increased 2.38%, and Bankinter led gains, trading 4.47% higher.
In currency markets, at 5:31 pm CET, the euro and the British pound were up 0.11% and 0.67% against the dollar, selling for $1.13729 and $1.31803.
