The STOXX 50 rose 0.5%, while the STOXX 600 gained 0.4% on Tuesday, rebounding from a subdued session the day before, as traders closely monitored US trade policy developments. President Donald Trump stated that not all of the proposed tariffs set for April 2 would be implemented and that some countries might receive exemptions.
However, he also signaled plans to impose new tariffs on autos and pharmaceuticals soon. Meanwhile, investors await the release of Germany's Ifo Business Climate indicator later today for further insights into economic sentiment.
On the corporate front, banks and energy stocks led the gains, with Shell shares climbing about 2% after the company announced increased shareholder returns. Bayer also advanced more than 3%.
Source: Trading Economics
