European Stocks Rise, But LVMH Shares Tumble as Sales Fall

European Stocks Rise, But LVMH Shares Tumble arsenic Sales Fall

European stocks were rising Tuesday aft U.S. President Donald Trump said helium could intermission immoderate tariffs connected car makers, sparking hopes of further exemptions.

The continent's flagship Stoxx 600 scale climbed 1.1% successful greeting trading. Frankfurt's Dax added 1.2%, London's FTSE 100 was up 0.9%, and Paris's CAC 40 gained 0.3%.

Shares successful the German car companies Mercedes-Benz, Volkswagen, and BMW were each rising aft Trump hinted astatine a tariff reprieve, but it was a antithetic communicative for French luxury goods shaper LVMH. Its banal tumbled 7.3% aft it reported that its income had unexpectedly fallen implicit the archetypal quarter.