April 30, 2025

European shares rise as traders weigh mixed earnings, trade jitters

(Reuters) -European shares climbed on Wednesday as investors assessed mixed corporate earnings and awaited key economic data, wrapping up a volatile month dominated by disruptive U.S. trade policy.

The pan-European STOXX 600 index was up 0.4%, as of 0716 GMT, but on track for a second consecutive monthly drop, if the current trend holds.

Other regional indexes were also trading in positive territory, except Spain, which slipped 0.5%.

The European benchmark index has clawed back over half of its losses after tumbling nearly 18% from record highs earlier this month, sparked by fears of a global recession following U.S. President Donald Trump’s import tariffs.

Shares of Barclays rose 2.3% after the British bank reported a stronger-than-expected 19% rise in first-quarter profit.

Danish logistic group DSV rose 9.6% after it completed a deal to acquire Germany’s Schenker and provided an outlook on potential benefits from the transaction.

SSAB fell nearly 5% after the Swedish steelmaker reported a 57% drop in its first-quarter operating profit on Tuesday.

Investors are also awaiting growth data for France, Germany, and the broader euro zone, set to be released later in the day.

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