European stocks were higher Tuesday morning despite an escalation of global trade tensions during the previous session.
The pan-European Stoxx 600 was up by 0.4% at 402.75 shortly after the open, with most sectors trading in the black. Chemicals and tech stocks were among the top-performing sectors.
President Donald Trump announced tariffs on steel and aluminum imports from Brazil and Argentina on Monday — sparking further global trade tensions. In this context, basic resources stocks fell 0.38% in early trade - the sector is highly volatile to global trade and metal news.
Source : CNBC