European stocks rallied after US President Donald Trump paused plans to implement higher reciprocal tariffs on dozens of trade partners, easing concerns about a global trade war — though he still plans to move forward with 125% tariffs on China. Trump’s announcement sent US stocks up by the most since 2008 on Wednesday, though the S&P 500 remains down more than 7% so far this year. The Stoxx Europe 600 Index was higher with all sectors in the green and banks and miners leading gains. France’s CAC 40 jumped and Germany’s DAX soared. While the Trump’s automotive tariffs didn’t begin until after the first quarter ended, Volkswagen’s results offer an early look at the wide-ranging impacts of US President Donald Trump’s levies on the car industry. The carmaker’s profit tumbled almost 40% in the first quarter.
The Opening Trade has everything you need to know as markets open across Europe. With analysis you won’t find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards, Guy Johnson and Kriti Gupta.
Chapters:
00:00:00 – The Opening Trade
00:01:27 – Trump: 90-Day Pause on Tariffs
00:04:13 – Recession: Goldman Sachs Drops Prediction
00:08:10 – Volkswagen Profit Woes
00:12:07 – Airbus Beats Boeing Deliveies
00:12:23 – US Chief Justice Allows Firings
00:15:33 – Airbus Beats Boeing Deliveies
00:24:03 – Credit Markets Relief from Tariffs
00:34:26 – European Futures Jump
00:43:07 – Gold, Copper Prices
00:46:04 – Markets: European Stocks Surge at Open
01:07:41 – Tariffs: Volkswagen Operating Falls
01:12:10 – China Sees ‘No Winner’ From Trade War
01:19:59 – FTSE 100, Dax Rise Most Since 2020
01:25:23 – Barlcays, Bank Stocks Lead Europe Higher
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