FX.co ★ European Bourses Rebound after Big Sell-Off

On Tuesday, leading European stock markets bounced back following a four-day downturn. The STOXX 50 advanced by 1.7% and the STOXX 600 climbed 1.5%, recovering from Monday's steep declines that took them to 8-month and 14-month lows, respectively. Although trade tensions persisted, European Commission President Ursula von der Leyen announced that the European Union had extended a "zero-for-zero tariffs" proposal concerning industrial goods to the United States, which was declined by Trump. She cautioned that the EU is ready to respond, while China declared its readiness to "fight to the end." The majority of industry sectors saw gains. In the corporate arena, notable increases were posted by LVMH (up 2.3%), Hermès (up 2%), ASML (up 2.9%), AstraZeneca (up 1.4%), and L'Oréal (up 1.4%).