European Shares Rally As Trade Tensions Ease
From Nasdaq: 2025-05-02 05:02:00
European stocks rose on Friday as markets reopened after a holiday. China signaled openness to discussions with the U.S., but stressed the need for “sincerity” in negotiations. Eurozone unemployment and inflation data, along with the U.S. jobs report, are awaited. The STOXX 600 and DAX climbed 0.9% and 1.5% respectively, while CAC 40 and FTSE 100 also posted gains. Pearson fell 2.7% despite a 1% rise in sales, while ING surged 4.7% on a €2 billion buyback. Shell rose 3.3% on buyback news, Danske Bank jumped 3.6% on strong profits, and BASF SE declined 2% due to U.S. tariff impact assessment delay.
Read more at Nasdaq: European Shares Rally As Trade Tensions Ease