European Stocks Rise, But LVMH Shares Tumble as Sales Fall

European Stocks Rise, But LVMH Shares Tumble as Sales Fall

European stocks were rising Tuesday after U.S. President Donald Trump said he could pause some tariffs on auto makers, sparking hopes of further exemptions.

The continent's flagship Stoxx 600 index climbed 1.1% in morning trading. Frankfurt's Dax added 1.2%, London's FTSE 100 was up 0.9%, and Paris's CAC 40 gained 0.3%.

Shares in the German car companies Mercedes-Benz, Volkswagen, and BMW were all rising after Trump hinted at a tariff reprieve, but it was a different story for French luxury goods maker LVMH. Its stock tumbled 7.3% after it reported that its sales had unexpectedly fallen over the first quarter.