European stocks regained ground after President Donald Trump announced he will exempt Mexico from his new 25% tariffs on North American trade agreement goods and services. The Stoxx Europe 600 Index saw little change at close, reversing earlier declines of up to 0.9%. Real estate and utilities sectors fell as German bonds dropped to their worst daily loss since 1990. In contrast, automakers surged after US tariffs on Mexico and China were delayed.
Source: https://www.bloomberg.com/news/articles/2025-03-06/european-stocks-advance-as-auto-shares-rally-on-tariffs-delay