European markets rebound as Chinese data fuels rally 😊

European markets rebound as Chinese data fuels rally 😊

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European markets rebound as Chinese data fuels rally
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European stock indices rose on Thursday, recovering from recent losses due to Trump-led selloffs. The Stoxx 600 gained 0.62%, while the DAX and CAC 40 saw increases. The FTSE 100 ended slightly lower after a rate cut by the Bank of England. Positive Chinese trade data boosted optimism for European exports. Despite political instability in Germany, market reactions remained muted, focusing more on economic fundamentals. China-sensitive sectors led gains, with luxury and automotive stocks performing well. The Fed's second rate cut fueled risk-on sentiment, pushing the S&P 500 to new highs. The euro rebounded against the US dollar, which fell following the Fed's decision.

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