European Stocks Rise as Trump Pivot Lifts Trade-Linked Sectors

European stocks advanced for the first time in five days as President Donald Trump abandoned his threat to impose new Greenland-linked tariffs, while a slate of upbeat corporate earnings also lifted sentiment.

The Stoxx Europe 600 Index gained 1% at the close, its biggest gain since November. A Barclays Plc basket of trade-exposed stocks — including luxury goods makers and automakers — was up 1.3%. The FTSE 100 underperformed on reports about a potential challenge to Keir Starmer’s leadership.