European Stocks Rise Amid Tariff Threats and Mixed Earnings

European shares advanced on Wednesday, with investors largely disregarding fresh U.S. tariff threats while digesting a mixed array of corporate earnings reports. The pan-European STOXX 600 index climbed 0.2% as of 0835 GMT, marking its third consecutive rise after hitting a five-week low last Friday.

Bank of America's European equity strategist, Andreas Bruckner, attributed the rise to weak U.S. labor market data, which he said heightened expectations for a Federal Reserve rate cut. "The European equity market is highly sensitive to swings in the U.S. rates market and that's basically what we've been seeing," Bruckner noted.

In national benchmarks, Germany's DAX and France's CAC 40 rose 0.3% and 0.4%, respectively, while Switzerland's SMI index slipped 0.3%. This comes as President Karin Keller-Sutter prepares to discuss the impending 39% tariff with U.S. Secretary of State Marco Rubio. Meanwhile, UK miner Glencore dipped 3.4% amid weaker coal prices and lower copper production.

(With inputs from agencies.)