European Stocks Climb Amid New US Tariffs Announcement

Major European stock indexes opened higher on Thursday, reacting to United States President Donald Trump's latest tariff impositions. The markets also kept a close eye on fresh economic data from Germany, indicating a slight decrease in inflation rates.

Market Movements and Key Performers

At 9:01 am CET, the German DAX saw a 0.32% increase, with Siemens AG leading the charge by climbing 3.89%. The CAC 40 and Euro Stoxx 50 followed suit, advancing by 0.32% and 0.27% respectively, with EssilorLuxottica outperforming others by surging 5.64%. The FTSE 100 wasn't far behind, adding 0.74% as Rio Tinto PLC jumped by 3.61%.

Currency Fluctuations

The euro strengthened by 0.12% against the dollar, trading at $1.17350, while the British pound also saw an uptick, standing at $1.36126, up by 0.20%.