European stocks climbed despite Trump's tariff announcement, fueled by hopes of ECB monetary easing.
European stocks rose slightly on Monday, with the Stoxx 600 gaining 0.3%, despite President Trump's announcement of 25% tariffs on steel and aluminum imports. The FTSE 100, DAX, and CAC 40 also saw modest gains. BP's shares jumped 7.2% after activist investor Elliott built a stake in the company, while steel giant ArcelorMittal's shares dropped 2.5% due to the tariffs. Optimism about potential monetary easing by the European Central Bank also supported the market.
2 months ago
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