0812 GMT - Shares in European automakers jump after the U.S. and China agreed to slash tariffs for the next 90 days, pending further talks. The major de-escalation in the trade war between the two countries boosted European equity markets and sent shares in Stellantis up 7% in early trade with Porsche and Mercedes-Benz both gaining over 5%. Shares in BMW rise 4.4% while Volkswagen rises 3.5%. (dominic.chopping@wsj.com)
(END) Dow Jones Newswires
May 12, 2025 04:12 ET (08:12 GMT)
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