India, April 23 -- European stocks rose sharply on Wednesday after U.S. President Donald Trump toned down his rhetoric on Jerome Powell, saying he would like to see him be a little more active in terms of his idea to lower interest rates but have no intention to fire him.
Additionally, Trump also admitted that the 145 percent tariffs on China are "very high" and they will come down substantially.
Meanwhile, the euro held losses after data showed the euro zone manufacturing sector remained in contraction in April, with a PMI score of 48.7, beating the 47.5 estimate.
The bloc's services PMI fell to a five-month low of 49.7 from 51 in March.
Elsewhere, the flash U.K. composite PMI fell from 51.5 to 48.2, reflecting contractions in both the...