European stocks attempt recovery from 2-week low amid rising trade tensions

European stocks rose on morning sessions on Tuesday, to head for the first daily gain in 4 days, within recovery attempts from 2-week lows and a surge in some major sectors led by tech and banking stocks, while these gains remain capped due to the escalation of the global trade tensions, after President Donald Trump imposed tariffs on imports of certain metals from Brazil and Argentina.

Stoxx Europe 600 rose by 0.2% as of 11:35 GMT, while it closed lower by 1.6% on Monday, its second third daily loss due to mounting concerns about global trade tensions.

The index opened today's session higher, poised to post first daily gains in 4 days within recovery attempts from 2-week low, as most of the major European exchanges and sectors rose today.

The technology and banking sectors saw the largest gains in Europe today, thanks to a surge in most of these sectors' shares.

President Donald Trump announced on Monday imposing tariffs on steel and aluminum imports from Brazil and Argentina, which mounted concerns over the global trade tensions.

S&P 500 futures fell by 0.3% today, while it closed lower by 0.9% yesterday at Wall Street, its second daily loss on profit-taking from a record high of 3,154.26 points.

Back to Europe, the Euro Stoxx 50 index rose by 0.2%, and Germany's DAX led Europe's gainers by adding 0.6%. 

France's CAC 40 fell by 0.4%, the US Trade Representative said said his country may impose tariffs up to 100% on some French imports, after France decided to impose additional taxes on tech companies.

London's FTSE 100 shed 0.9%, amid a surge in British pound, which hurts UK's exporters.