European stock markets in green following Trump's tariff suspension

​​​​​​​By Gokhan Ergocun

ISTANBUL (AA) - European stock markets ended with a sharp rise after US President Donald Trump announced a 90-day suspension on reciprocal tariffs on trading partners, except China.

Following the announcement after markets closed in Europe, the EU announced it would suspend for 90 days measures it prepared against the US tariffs on steel and aluminum imports.

At the close, the benchmark index Stoxx Europe 600 gained 3.7% to 487.28 points. Shares of automotive, pharmaceutical and luxury consumer goods companies led the gains.

The FTSE 100 index in Britain rose 3.04% to 7,913.25 points, the CAC 40 index in France added 3.83% to 7,126.02 points, the DAX 40 index in Germany gained 4.53% to 20,562.73 points and the FTSE MIB 30 index in Italy increased 4.73% to 34,277.09 points.

The euro/dollar parity is at 1.119, up 2.1% as of 1730GMT.​​​​​​​