European stocks are heading for a higher open Tuesday as global markets breathe a sigh of relief after U.S. President Donald Trump paused tariffs.
European stocks are heading for a higher open Tuesday as global markets breathe a sigh of relief after U.S. PresidentGlobal markets slumped on Monday as investors reacted to Trump's decision to impose trade tariffs on Canada, Mexico and China, and threatened to introduce levies on goods from the European Union and U.K.
The pan-European Stoxx 600 traded lower throughout Monday's session with all sectors firmly in negative territory. Carmakers, tech and industrial stocks were the worst performers.Market sentiment was boosted overnight as Trump announced a 30-day pause on tariffs on Mexico, then Canada. The pauses came after both countries, including on crude oil, some vehicles and farm equipment, starting Feb. 10.
While some have disputed the shockingly low cost of developing the AI models, most agree that DeepSeek has sharply cut the ongoing cost of running powerful AI models and the Chinese firm's decision to release its technology for free has altered the course of the industry.Stocks making the biggest moves after hours: Palantir, Kyndryl and more
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