European Stocks Surge Amid Tariff Twists and Bank Boosts – What’s Next for October?
European stocks rebounded Friday, with the STOXX Europe 600 up 0.8% and Spain’s IBEX 35 gaining 1.3%. Insurers Munich Re and SCOR rose 2% and steelmakers advanced up to 5% on EU tariff speculation. The euro hovered near $1.18, while the pound hit two-month lows amid UK fiscal concerns. Healthcare and truck makers lagged after surprise U.S. tariffs.