FX.co ★ European Stocks Rise on Friday

On Friday, major European stock exchanges saw a modest rise, with the STOXX 50 increasing by 0.4% and the STOXX 600 up approximately 0.3%, following two consecutive losing sessions. However, the upward trajectory encountered limitations due to new tariff policies introduced by US President Trump. Effective October 1st, pharmaceuticals that are branded or patented will attract a 100% tariff unless the manufacturer is constructing a production facility within the United States. Additional tariffs include a 25% charge on heavy trucks, a 50% tariff on kitchen cabinets and bathroom vanities, and a 30% tax on imports of upholstered furniture. In terms of sectors, travel and leisure, construction and materials, insurance, and automotive industries outperformed the market, whereas the healthcare, technology, and telecommunications sectors lagged behind.