European shares recover from early April's tariff-driven losses

ReutersMay 2, 2025 3:07 PM

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LONDON, May 2 (Reuters) - Europe's STOXX 600, .STOXX on Friday, rose above its closing level on April 2, the day U.S. President Donald Trump announced his plans for reciprocal tariffs on trade partners.

Global equity markets sold off heavily after Trump's tariff plan was announced on April 2, but have rebounded strongly after Trump paused most of the tariffs for 90 days.

Optimism that major U.S. trading partners will negotiate trade deals, and a solid-so-far first quarter earnings season, albeit laced with underlying caution, have also boosted sentiment.

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