European Markets Rally on Trade Deal News

European stock markets experienced a significant uptick at the opening on Wednesday, buoyed by the announcement of a new trade deal between the United States and Japan. This agreement, which reduces tariffs on Japanese goods to 15%, has ignited hopes for further trade agreements, including a potential deal between the US and the European Union.

Stock Performances Highlight the Day

DAX led the charge with a 1.06% increase, while Fresenius SE saw a notable 2.36% rise. The FTSE 100 and CAC 40 also enjoyed gains, with GSK PLC and Kering SA among the top performers. The Euro Stoxx 50 wasn't far behind, with Mercedes-Benz Group jumping an impressive 3.33%.

Currency Movements

Meanwhile, the euro experienced a slight dip against the dollar, trading at $1.17407, while the pound remained stable at $1.35326.