FX.co ★ European Stocks Extend Gains

On Friday, the STOXX 50 and STOXX 600 indices recorded increases of 0.7% and 0.4% respectively, marking their fourth consecutive day of growth. For the week, these indexes appeared poised to finish with gains of about 3.7% and 2.4% each. The positive investor sentiment was fueled by reducing trade tensions and a more diplomatic approach from the White House. President Trump mentioned on Thursday that his team was engaged in talks with China, and today Bloomberg reported that Beijing might be considering the suspension of its 125% tariff on certain U.S. imports, based on insider information. Travel and automotive stocks were among the top performers. In the earnings arena, Safran shares saw a 3.6% increase following their announcement of a stronger-than-expected growth in first-quarter revenue, alongside their confidence in achieving the full-year targets, notwithstanding any adverse effects from potential tariffs.