European Markets Open Higher Amid Tariff Developments

Following an announcement by United States President Donald Trump to extend the pause on implementing tariffs on Chinese goods for another 90 days, major European stock indexes saw an uptick at the start of Tuesday's session. This move has significantly boosted investor optimism across the continent.

Clarifications on Tariffs and Economic Sentiment

In addition to the tariff pause extension, President Trump clarified that the US will not impose tariffs on 1-kilogram gold bars, contradicting earlier media reports. Meanwhile, traders are keenly awaiting the latest report on the euro area's economic sentiment, which is expected to provide further direction to the markets.

Stock Performances Highlighted

Notable performances include the DAX adding 0.31%, with Sartorius jumping 2.70%, and the FTSE 100 rising by 0.24%, led by Entain plc's 1.75% climb. The CAC 40 and Euro Stoxx 50 also saw improvements, with Hermes International and Rheinmetall among the top gainers.

Currency Movements

At 8:59 am CET, the euro and the pound remained stable against the dollar, trading at $1.16094 and $1.34345, respectively.