Burberry's share price surged by 6-7% following the release of its annual results, supported by easing tariff tensions. The broader European market showed mixed movements with several companies reporting their first-quarter results. Bayer experienced a notable increase of 3.5-8.0% after its Q1 earnings report, while Leg Immobilien and PSP Swiss Property also posted modest gains. Other companies such as E.ON, ABN Amro, Bilfinger, Daimler Truck, and Hapag-Lloyd saw smaller positive movements. Conversely, Hannover Rück and Munich Re declined by around 2.0-6.4%, and Alstom, TUI, Imperial Brands, Compass Group, and Telefonica faced losses ranging from 1.2% to 12.5%. The market reaction reflects investor responses to earnings reports and broader geopolitical developments affecting trade tariffs.