India, Feb. 10 -- European markets closed mostly higher on Monday as investors shrugged off U.S. President Donald Trump's tariff threats, and chose to pick up stocks amid optimism about more monetary easing by the European Central Bank.
Investors looked ahead to key inflation data from the U.S., and the Fed Chair Jerome Powell's congressional testimony, for clues about the outlook for interest rates.
Trump said over the weekend that he would announce new 25% tariffs on all steel and aluminium imports, raising fears of a brewing global trade war and its potential impact on the global economy.
German Chancellor Olaf Scholz reportedly emphasized that the EU is prepared to respond "within an hour" if the US imposes tariffs on European goods....