European shares bounced off 14-month lows in early trading on Tuesday after four straight sessions of heavy selling, although investors' mood remained sensitive to tariff-related developments. - REUTERS
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00:01European shares rose from 14-month lows on Tuesday.
00:06It gave investors some relief after four straight sessions of heavy selling,
00:11although their mood was still sensitive to tariff-related developments.
00:15The pan-European Stock 600 was up over 1%.
00:19It previously shed 12.1% in the past four sessions
00:22as investors worried about a possible global recession.
00:26As of Monday's close, the index declined almost 18% from its all-time high hit in early March.
00:33Germany's benchmark also went up over 1%
00:36after the index stopped short of confirming a bear market in the previous session.
00:41Investors piled into defence shares after a large sell-off Monday
00:45and lifted the index over 3%.
00:48The shares of lenders also rose.
00:51One leading analyst warned this might just be a temporary bounce
00:55rather than a full recovery.
00:57They said the fundamentals which caused the sell-off haven't changed as of yet.
01:02The trade war ignited by President Donald Trump's tariffs
01:05showed little sign of slowing down either.
01:08China refused to bow to what it called blackmail from the US,
01:12while the European Commission also proposed counter-tariffs of 25%
01:17on a range of US goods on Monday.
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