European Markets End Higher on Tuesday

European markets closed positively on Tuesday, driven by cautious optimism over potential relief from US President Donald Trump’s tariff policies. However, the economic data from the region presented a mixed picture.

Economic Data Shows Contrasting Trends

Germany's economic sentiment sharply dropped in April, casting shadows over the region's economic outlook. In contrast, Eurozone industrial production saw a 1.1% rise in February, offering a glimmer of hope.

Tariff Skepticism and Industry Warnings

Despite the market's upbeat mood, the European Union remains skeptical about the US easing its 20% tariffs on imports. Carmakers have also warned that ongoing tariffs and regulations could severely impact the industry across both continents.

Market Performances Highlight

The DAX gained 1.49%, with Heidelberg Materials advancing 4.21%. The FTSE 100 increased 1.44%, led by 3l Group PLC's 5.79% jump. The EURO STOXX 50 and CAC 40 also saw gains, with Stellantis NV surging 6.55%. Currency markets saw the euro dip 0.42% against the dollar, while the pound rose 0.30%.