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European shares recover ahead of US tariffs

The pan-European STOXX 600 index was up 1%, as of 0710 GMT, after closing the books on a strong quarter as Germany's historic fiscal package and the prospects of slowing U.S. economic growth attracted investors to the region. The White House is due to announce on Wednesday a new round of reciprocal levies, although details have been scarce. Goldman Sachs on Tuesday cut its 12-month forecast for the European benchmark index to 570 points from 580 earlier due to U.S. tariff impact.

The pan-European STOXX 600 index was up 1%, as of 0710 GMT, after closing the books on a strong quarter as Germany's historic fiscal package and the prospects of slowing U.S. economic growth attracted investors to the region.

The White House is due to announce on Wednesday a new round of reciprocal levies, although details have been scarce. Goldman Sachs on Tuesday cut its 12-month forecast for the European benchmark index to 570 points from 580 earlier due to U.S.

tariff impact..