25.04.202516:11:08UTC+00European Stocks Gain for 4th Day

European stocks continued their upward momentum for a fourth consecutive session on Friday. The STOXX 50 witnessed an increase of 0.8%, and the STOXX 600 rose by 0.3%. Investors found some reassurance in the potential for a U.S.-China tariff agreement, despite official denials from China and ongoing overtures from the United States. Reports suggested that China might be considering the suspension of its 125% tariff on select U.S. imports, while President Trump emphasized that trade negotiations were making good progress. Both indices saw a second consecutive week of gains, with increases of 4.4% and 2.5%, respectively. Meanwhile, attention remained on the earnings season. Shares of Safran surged by 4.2% following the company's report of a stronger-than-anticipated rise in first-quarter revenue and its optimistic outlook on meeting full-year targets, notwithstanding any possible tariff-related impacts.