India, April 23 -- European stocks closed on a strong note on Wednesday as U.S. President Donald Trump toned down his rhetoric on Jerome Powell, and also admitted that the proposed tariffs on China are "very high."
Trump said he would like to see Powell to be a little more active in terms of his idea to lower interest rates, and that he has no intention to fire him.
On the tariff front, the U.S. President said tariffs on China will come down substantially.
Investors also digested a slew of earnings updates from the region, and data on service sector and manufacturing activity in the major economies in the region.
The pan European Stoxx 600 gained 1.53%. The U.K.'s FTSE 100 climbed 1.23%, Germany's DAX advanced 2.36% and France's CAC 40 ...