European Stocks Rise on US-EU Trade Talks Optimism

European stocks rose modestly amid optimism fueled by U.S. President Donald Trump's openness to renewed tariff negotiations with the European Union, easing concerns over looming 30% tariffs set for August 1. Technology and automobile sectors led gains, supported by Nvidia's plan to resume sales of its H20 AI chip to China following Washington's approval. However, underlying trade tensions persist, with the EU accusing the U.S. of stalling deal efforts and Trump threatening secondary tariffs of up to 100% on Russia if a Ukraine peace agreement is not reached. Investors await key U.S. economic data, including the CPI report expected to show inflationary pressures from tariffs, and the start of the U.S. earnings season with major banks reporting results. Geopolitical risks and economic sentiment indicators from the Eurozone also remain critical factors influencing market sentiment. Despite mixed signals, the market consensus anticipates potential for a tentative trade deal before the August deadline, although substantial challenges remain.