Stocks in Europe were higher on Tuesday, with both the STOXX 50 adding 0.3% and the STOXX 600 rising about 0.7%, as optimism grew over a potential pause in auto tariffs and the earnings season gained momentum. Investor sentiment was buoyed by President Trump's remarks on Monday, indicating he is considering temporary exemptions on tariffs for imported vehicles and parts to give automakers more time to expand US-based production. The auto sector led the gains, with Mercedes-Benz climbing 2.9%, BMW 2.5%, Volkswagen 2.8%, Stellantis 4.3%, and Renault 1.9%. Other sectors also traded in...
The Hang Seng rose 49 points or 0.23% to finish at 21,466 on Tuesday, extending its winning streak to a sixth session and holding at a two-month peak. U.S. tariff exclusions on specific electronics continued to support sentiment, which helped ease concerns about President Trump's reciprocal tariffs on China. At the same time, U.S. futures were slightly higher after back-to-back gains on Wall Street S&P 500 Monday, with attention shifting to upcoming Q1 earnings results. However, advances were capped as investors awaited more clarity on trade developments, particularly after the U.S....
The three major averages in the US were up nearly 0.3% on Tuesday, as investors weighed trade war developments against rising hopes for a temporary pause in auto tariffs. President Trump said on Monday he is considering temporary exemptions on tariffs for imported vehicles and auto parts, aiming to give manufacturers more time to ramp up US-based production. At the same time, the Commerce Department announced a new investigation into the national security implications of semiconductor and pharmaceutical imports, a move seen as laying the groundwork for fresh tariffs in those sectors. In...