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European stocks edge higher after tumultuous week for global markets

News RoomBy News RoomApril 11, 2025
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This content is summarizing 2,400 words (6 paragraphs) from political, financial, and market news. Due to the content being unrelated to language, it has been машинized as HTML without parsing, and it is presented to the user with the consideration of the limitations of translation and summarization.

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The European markets opened slightly higher on Friday morning, as stocks attempted to claw back some gains at the end of a very volatile week. The UK’s FTSE 100 index was up 0.5% at around 9:45 CEST, while Germany’s DAX index was up 0.6%. France’s CAC 40 index advanced 0.8%, with the STOXX 600 index rising 0.4% asmore–

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The UK’s FTSE 100 index was up 0.5%, while Germany’s DAX index was up 0.6%. The CAC 40 index in France had already gone up 0.8%, with the STOXX 600 index also rising 0.4%. British American Tobacco, HSBC, and Barclays saw gains early that day, while Getinge B and Zurich Insurance Group were the top losers. Negative sentiment remained in the markets despite the US President Donald Trump’s recent announcement of a 90-day pause on what he called “reciprocal” tariffs. Investors were still uncertain about the huge US tariffs on Chinese goods.

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As for Asia-Pacific markets, they lapped up 3% on Thursday, following concerns about further Chinese and US tariffs. In Japan, the Nikkei 225 closed almost 3% lower, trading at 33,585.58. In China, the Shanghai Composite was up 0.5%, ending at 3,238.23. In Hong Kong, the Hang Seng index gained 1.6%, whereas Australia’s S&P/ASX 200 dropped 0.8%. South Korea’s Kospi also lost 0.5%. US markets saw the S&P 500 drop 3.5%, while the Dow Jones Industrial Average Index dropped 2.5% and the Dowindices futures also saw losses. Companies such as CarMax, United Airlines, Microchip, and Monolithic had big drops, while Boeing, General Motors, and Chevron also had smaller losses.

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Commodities and currencies were another area to watch. US crude oil was up around 1% at $60.9 per barrel, while Brent crude oil had advanced 1.1% to $64.1 per barrel. Gold was up over 1% on Thursday, rising slightly from previous highs, but also saw a 5.5% weekly gain. The EUR/USD pair had increased 1.4% on Friday morning, while the EUR/GBP pair had risen 0.8% as well.

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