{"id":58904,"date":"2025-04-23T09:20:58","date_gmt":"2025-04-23T09:20:58","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2025\/04\/23\/european-shares-rally-as-trump-comments-help-ease-fed-trade-worries\/"},"modified":"2025-04-23T09:20:58","modified_gmt":"2025-04-23T09:20:58","slug":"european-shares-rally-as-trump-comments-help-ease-fed-trade-worries","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2025\/04\/23\/european-shares-rally-as-trump-comments-help-ease-fed-trade-worries\/","title":{"rendered":"European Shares Rally As Trump Comments Help Ease Fed, Trade Worries"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> European stocks rose sharply on Wednesday after U.S. President Donald Trump toned down his rhetoric on Jerome Powell, saying he would like to see him be a little more active in terms of his idea to lower interest rates but have no intention to fire him. <\/p>\n<p>Additionally, Trump also admitted that the 145 percent tariffs on China are &#8220;very high&#8221; and they will come down substantially. <\/p>\n<p>Meanwhile, the euro held losses after data showed the euro zone manufacturing sector remained in contraction in April, with a PMI score of 48.7, beating the 47.5 estimate.<\/p>\n<p>The bloc&#8217;s services PMI fell to a five-month low of 49.7 from 51 in March. <\/p>\n<p>Elsewhere, the flash U.K. composite PMI fell from 51.5 to 48.2, reflecting contractions in both the manufacturing and services sector.<\/p>\n<p>The pan European STOXX 600 rallied nearly 2 percent to 517.81 after gaining 0.3 percent on Tuesday. <\/p>\n<p>The German DAX surged 3.1 percent, France&#8217;s CAC 40 added 2.3 percent and the U.K.&#8217;s FTSE 100 was up 1.6 percent. <\/p>\n<p>Swedish truck maker Volvo gained nearly 2 percent despite first-quarter earnings missing analysts&#8217; expectations.<\/p>\n<p>Dutch paint maker Akzo Nobel jumped 7 percent as Q1 core profit beat expectations. <\/p>\n<p>Chipmaking parts supplier BE Semiconductor Industries soared 10 percent after reporting higher order bookings during the first quarter of 2025.<\/p>\n<p>Fresnillo plummeted 6.5 percent after reporting about a 9 percent decline in silver production in Q1.<\/p>\n<p>Consumer goods giant Reckitt Benckiser slumped 5 percent after missing first-quarter sales estimates. <\/p>\n<\/p>\n<\/div>\n<p><script type=\"text\/javascript\">\n        window.fbAsyncInit = function () {\n            FB.init({\n                status: true,\n                cookie: true,\n                xfbml: true\n            });\n        };\n        (function (d) {\n            var js, id = 'facebook-jssdk'; if (d.getElementById(id)) { return; }\n            js = d.createElement('script'); js.id = id; js.async = true;\n            js.src = \"https:\/\/connect.facebook.net\/en_US\/all.js\";\n            d.getElementsByTagName('head')[0].appendChild(js);\n        }(document));\n    <\/script><br \/>\n<br \/>\n<br \/>European Shares Rally As Trump Comments Help Ease Fed, Trade Worries<\/a><br \/>\n<br \/>2025-04-23 09:20:58<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>European stocks rose sharply on Wednesday after U.S. President Donald Trump toned down his rhetoric on Jerome Powell, saying he would like to see him be a little more active&#8230;<\/p>\n","protected":false},"author":2,"featured_media":58905,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[],"class_list":{"0":"post-58904","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-euro-markets"},"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/58904","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=58904"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/58904\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/58905"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=58904"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=58904"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=58904"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}