European stocks rise 1% as markets await new tariffs

European stocks rose on Tuesday after falling in the previous session, despite continued caution ahead of the implementation of retaliatory US tariffs.

The pan-European STOXX 600 index rose 1% after a strong first-quarter performance, as a fiscal policy adjustment in Germany attracted investors to the region.

The STOXX 600 index fell to its lowest level in more than two months on Monday as fears of a global economic slowdown due to the trade war drove investors to risk aversion.

The White House is expected to announce a new round of retaliatory tariffs on Wednesday, the details of which are not yet clear.