European Stocks Rise on US-UK Trade Deal News

European stocks climbed this week, buoyed by optimism over a potential US-UK trade deal framework announced by President Trump, which investors hope will reduce tariffs and inspire similar agreements. The pan-European STOXX 600 and major national indices such as Germany’s DAX and France’s CAC 40 saw gains, led by industrials, technology, and banks, while defensive shares lagged. Strong corporate earnings from Siemens Energy, Puma, and Rolls-Royce further supported market sentiment. The Bank of England implemented a widely expected interest rate cut, reflecting concerns about the economic impact of tariffs, while Sweden’s Riksbank and Norway’s Norges Bank kept rates steady. The EU advanced plans for retaliatory tariffs on U.S. goods, and the US maintained high tariffs on China as US-China trade talks continued. Investors remain attentive to monetary policy signals and further developments in global trade negotiations.