[BENGALURU] European stocks surged late in Wednesday's session to wipe away early losses after US officials said President Donald Trump wasThe news spurred investors to boost positions in tariff-sensitive firms, aiding a recovery among a swathe of European stocks.
Frankfurt's auto-heavy DAX and London's FTSE 100 rose 0.9 per cent and 0.8 per cent, respectively, while their Milan-traded peers dipped 0.1 per cent on weakness among the country's banks. Italy's banks could come to the rescue of Carige to safeguard financial stability after BlackRock dropped a planned bid for the struggling regional lender, UniCredit's chairman said.
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