European shares bounce back after four-day days of heavy selling

Bangkok Post Group

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

Transcript

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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