FX.co ★ European Stocks Kick Off the Week Higher

On Monday, the STOXX 50 index rose by 0.8% and the STOXX 600 climbed 0.6%, recovering from the declines experienced on Friday. This uptick was fueled by investor optimism that the upcoming U.S. tariffs, scheduled for implementation on April 2nd, might be less severe and more specifically targeted than initially feared. Reports have suggested that President Donald Trump’s forthcoming tariffs will be more focused, contrary to the more extensive measures he has previously suggested. Additionally, market participants were analyzing new PMI data. In France, PMI figures exceeded expectations, whereas in Germany, the composite and services PMIs fell short, though the manufacturing PMI surpassed forecasts. The sectors showing the strongest performance included basic resources, technology, and banking, along with defense. In contrast, stocks in the food and telecommunications industries faced downward pressure.