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European stock markets recover as UBS shares decline amid tariff concerns
European stock markets rebounded on Tuesday, with the EuroStoxx 50 rising 0.89% amid easing tensions over US tariffs, particularly after the suspension of tariffs on Mexico and Canada. However, the Swiss market struggled, primarily due to a 7.1% drop in UBS shares, overshadowing positive quarterly results. In contrast, BNP Paribas saw a 4.2% increase following better-than-expected earnings, while Ferrari's shares surged 8.0% on strong quarterly results.
European markets rebound as tariff tensions ease and UBS drags Swiss index
European stock markets rebounded on Tuesday, with the EuroStoxx 50 rising 0.89% to 5,264.59 points, as investors reacted positively to the suspension of tariffs on goods from Mexico and Canada. However, the Swiss SMI fell 0.57% due to significant losses in UBS shares. Despite the recovery, experts caution about ongoing market volatility linked to US tariff policies.
European stock markets recover as UBS shares decline amid tariff concerns
European stock markets rebounded on Tuesday, recovering some losses amid easing tensions over US tariffs, particularly with Mexico and Canada. The German index rose 0.89%, while the Swiss market fell 0.57%, largely due to a 7.1% drop in UBS shares despite strong annual results. Car manufacturers like Ferrari saw gains, with shares jumping 8.0% after exceeding quarterly expectations.
european markets rebound as us tariff tensions ease and company results vary
European stock markets rebounded on February 4, 2025, with the EuroStoxx 50 rising 0.89% amid easing tensions over US tariffs, particularly after the suspension of tariffs on Mexico and Canada. However, the Swiss SMI fell 0.57%, primarily due to a 7.1% drop in UBS shares, despite the bank's strong annual results. In contrast, BNP Paribas saw a 4.2% increase following better-than-expected quarterly figures, while Ferrari's shares surged 8.0% on strong operating results.
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