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European stock markets experienced a notable shift in sentiment. After reaching their best levels early in the session, major indices declined significantly by the day's close. The pan-European STOXX 600 index, which had initially gained approximately 0.5%, ultimately finished down by about 8%. This reversal underscores a growing sense of caution driven by recent trade negotiations, particularly those involving the United States and China.
European markets' response illustrates how international trade tensions and diplomatic signals continue to influence investor confidence. The initial optimism gave way to skepticism as traders digested mixed headlines and uncertainties surrounding future policies.