Tariffs Fail to Derail European Stock Rally as Markets Bounce Back
European stocks rebounded Friday, with the STOXX 600 up 0.8% and Spain’s IBEX 35 jumping 1.3% to a one-week high. Bank and insurance shares led gains; steelmakers surged after the EU announced tariffs on Chinese steel. Oil stocks rose as Russia curbed fuel exports. Automakers slipped on U.S. tariff threats, but most sectors shrugged off trade fears.